What's the difference between liabilities and tax?

Liabilities


Definition:

  • (pl. ) of Liability

Example Sentences:

  • (1) Liability of retransplanted syngeneic skin grafts to rejection could be almost entirely abolished by their exposure to 300 rads irradiation before placement on the intermediate host.
  • (2) Tata Steel, the owner of Britain’s largest steel works in Port Talbot, is in talks with the government about a similar restructuring for the British Steel pension scheme , which has liabilities of £15bn.
  • (3) These results are discussed in relation to previous reports suggesting a common addiction liability for both morphine and alcohol in inbred strains of animals.
  • (4) The precise aetiology of AHQS is still unresolved but it is concluded that it probably occurs post-natally and that some pigs have a genetic liability to develop the condition.
  • (5) But Burr admitted the bill would still allow companies to share directly with the NSA, and could potentially receive liability protections if information is shared “not electronically”.
  • (6) Two years later, the Guardian could point to reforms that owed much to what Ashley called his "bloody-mindedness" in five areas: non-disclosure of victims' names in rape cases; the rights of battered wives; the ending of fuel disconnections for elderly people; a royal commission on the legal profession; and civil liability for damages such as those due to thalidomide victims.
  • (7) For a substantial majority of the symptoms, the variance in liability was best explained by only genetic factors and environmental influences specific to the individual, where 33% to 46% of the variance was due to genetic factors.
  • (8) The authors describe several recent court cases in which judges have ignored or distorted acceptable clinical practices, conceivably creating a new liability standard whereby a tragic outcome is considered the result of failure to apply appropriate judgment.
  • (9) Whilst a charity may seem to have plenty of cash to meet its general liabilities, if the money is in the form of restricted funds it can only be used with permission of the donor or the Charity Commission .
  • (10) The Tony Abbott lecturing the American president on taxation fairness is, of course, the one who as Australian prime minister is presiding over policies of taxation amnesty for the richest Australians who have themselves offshored their hidden wealth, capping their taxable liability to merely the last four years.
  • (11) Recent court decisions since the landmark Wickline v. The State of California case in 1987 have addressed this issue of shared liability between payors and providers.
  • (12) We could be in a situation now where the potential liabilities are higher, which makes it more unlikely to find private investment.
  • (13) In summary, there are now available very potent narcotics, with small side effect liability.
  • (14) Continued escalation of claims frequency, however, and average paid-claim costs mean that other remedies will have to be sought if the professional liability problem is to be solved.
  • (15) But once legal liability cases began, evidence emerged from internal documents that Wyeth knew of far more cases of pulmonary hypertension than had been declared either to the FDA or to patients.
  • (16) In summary, the liability to exencephaly in SELH mice appears to be a multifactorial threshold trait, and it therefore resembles human neural tube defects in type of genetic etiology.
  • (17) This escape from liability occurs despite the fact that almost half of all traffic fatalities are attributable to alcohol.
  • (18) The infrastructure of New York that was once an "engineering marvel" is now a "liability", he said, urging a long-term rethink.
  • (19) To assess the physical dependence liability of dynorphin A analogs, mice were given repeated injections of various dynorphin A analogs twice daily for 5 days, and rats were given repeated administration of [N-methyl-Tyr1,N-methyl-Arg7,D-Leu8]dynorphin-A-(1-8) ethylamide (E-2078) twice daily for up to 7 weeks.
  • (20) The relative merits and liabilities for each wavelength and delivery system are discussed.

Tax


Definition:

  • (n.) A charge, especially a pecuniary burden which is imposed by authority.
  • (n.) A charge or burden laid upon persons or property for the support of a government.
  • (n.) Especially, the sum laid upon specific things, as upon polls, lands, houses, income, etc.; as, a land tax; a window tax; a tax on carriages, and the like.
  • (n.) A sum imposed or levied upon the members of a society to defray its expenses.
  • (n.) A task exacted from one who is under control; a contribution or service, the rendering of which is imposed upon a subject.
  • (n.) A disagreeable or burdensome duty or charge; as, a heavy tax on time or health.
  • (n.) Charge; censure.
  • (n.) A lesson to be learned; a task.
  • (n.) To subject to the payment of a tax or taxes; to impose a tax upon; to lay a burden upon; especially, to exact money from for the support of government.
  • (n.) To assess, fix, or determine judicially, the amount of; as, to tax the cost of an action in court.
  • (n.) To charge; to accuse; also, to censure; -- often followed by with, rarely by of before an indirect object; as, to tax a man with pride.

Example Sentences:

  • (1) Virtually every developed country has some form of property tax, so the idea that valuing residential property is uniquely difficult, or that it would be widely evaded, is nonsense.
  • (2) Not only do they give employers no reason to turn them into proper jobs, but mini-jobs offer workers little incentive to work more because then they would have to pay tax.
  • (3) Paradoxically, each tax holiday increases the need for the next, because companies start holding ever greater amounts of their tax offshore in the expectation that the next Republican government will announce a new one.
  • (4) But the wounding charge in 2010 has become Brown's creation of a structural hole in the budget, more serious than the cyclical hit which the recession made in tax receipts, at least 4% of GDP.
  • (5) We want to be sure that the country that’s providing all the infrastructure and support to the business is the one that reaps the reward by being able to collect the tax,” he said.
  • (6) Meanwhile, reductions in tax allowances on dividends for company shareholders from £5,000 down to £2,000 represent another dent to the incomes of many business owners.
  • (7) Brown's model, which goes far further than those from any other senior Labour figure, and the modest new income tax powers for Holyrood devised when he was prime minister, edge the party much closer to the quasi-federal plans championed by the Liberal Democrats.
  • (8) Writing in the Observer , Schmidt said his company's accounts were complicated but complied with international taxation treaties that allowed it to pay most of its tax in the United States.
  • (9) "There is a serious risk that a deal will be agreed between rich countries and tax havens that would leave poor countries out in the cold.
  • (10) Photograph: Guardian The research also compiled data covered by a wider definition of tax haven, including onshore jurisdictions such as the US state of Delaware – accused by the Cayman islands of playing "faster and looser" even than offshore jurisdictions – and the Republic of Ireland, which has come under sustained pressure from other EU states to reform its own low-tax, light-tough, regulatory environment.
  • (11) Cameron also used the speech to lambast one of the central announcements in the budget - raising the top rate of tax for people earning more than £150,000 to 50p from next year.
  • (12) It ignores the reduction in the wider, non-NHS cost of adult mental illness such as benefit payments and forgone tax, calculated by the LSE report as £28bn a year.
  • (13) The issue has been raised by an accountant investigating the tax affairs of the duchy – an agricultural, commercial and residential landowner.
  • (14) Proposals to increase the tax on high-earning "non-domiciled" residents in Britain were watered down today, after intense lobbying from the business community.
  • (15) We know that several hundred thousand investors are likely to want to access their pension pots in the first weeks and months after the start of the new tax year.
  • (16) Profit for the second quarter was £27.8m before tax but the club’s astronomical debt under the Glazers’ ownership stands at £322.1m, a 6.2% decrease on the 2014 level of £343.4m.
  • (17) "The Republic genuinely wishes Northern Ireland well and that includes the 12.5% corporate tax rate," he said.
  • (18) Initial analysis suggests that about one-fifth of gross costs would be directly returned to the public purse via income tax and national insurance payments.
  • (19) Gordon Brown believes that the fact of the G20 summit has persuaded many tax havens, such as Switzerland and Liechtenstein, to indicate that they will adopt a more open approach.
  • (20) This includes cutting corporation tax to 20%, the lowest in the G20, and improving our visa arrangements with a new mobile visa service up and running in Beijing and Shanghai and a new 24-hour visa service on offer from next summer.

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