What's the difference between taxability and taxable?
Taxability
Definition:
(n.) The quality or state of being taxable; taxableness.
Example Sentences:
(1) 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.
(2) The Double Irish loophole allows US companies, mostly in the technology and pharmaceutical sectors, to reduce their effective tax bill far below Ireland’s already generous 12.5% corporate tax rate by shifting most of their taxable income from an operating company in Ireland to another Irish-registered firm located in an offshore tax haven, such as Bermuda.
(3) It appears that ... the cap [is] used to ensure a relatively predictable level of taxable profit; [it does] not seem to be based on any arm’s length reasoning,” the commission said.
(4) Review negative gearing Federal Labor and the Greens have proposed a rethink of negative gearing, the practice of property investors claiming their losses as a deduction against their taxable income.
(5) Because pension incomes are taxable, and pensioners would have more to spend – generating indirect taxation – and the number of people on social security would be lower, the Exchequer would benefit by between £1.7bn and £3bn.
(6) Both retired and disabled workers whose covered employment began after 1950 were likely to have benefits as high or higher than the benefits of those with earlier credits--a reflection of rising wage levels and higher taxable maximums, as well as the "new start" computation method.
(7) The EU executive will oblige companies to disclose the payments they make at project level as opposed to government level only, revealing the sources of taxable government income from the extraction or logging industries.
(8) Gina Rinehart’s Hancock Prospecting was the country’s largest privately owned taxpayer, paying $466m on a taxable income of $1.5bn in 2015.
(9) Capital allowances enable businesses to cut their tax bill by offsetting a proportion of their spending on equipment and other assets against their taxable profits.
(10) Emerging economies want the rules to be overhauled so that multinational companies are required to apportion their taxable profits according to factors such as where in the world sales are made, where the workforce is located and where capital is invested.
(11) China-Africa trade $114.81 billion: Value of trade between China and Africa (2010) 43.5%: Year-on-year growth in two-way trade (2010) 45: Number of African countries China has signed bilateral trade agreements with $9.33 billion: Amount of Chinese direct investment in Africa by the end of 2009 5,000: Number of scholarships the Chinese government offers to students from African countries each year 4,700: Number of taxable items which China has exempted from tariffs if they come from the least-developed countries in Africa (as of July 2010) 500: Number of infrastructure projects China has provided assistance for in Africa.
(12) Goldsmith’s taxable income since 2010 is more than £6m, the vast majority of which comes from a family trust set up by his billionaire father, Sir James Goldsmith.
(13) MPs found that Revenue and Customs had far fewer resources, particularly in the area of transfer pricing: complex transactions deployed by multinational companies in order to shift taxable profits to low-tax jurisdictions.
(14) That would allow the officials to focus first on agreeing on a common methodology for apportioning taxable profits.
(15) The treasurer, Scott Morrison , is screaming at anyone who will listen that the policy will hit the “mums and dads” while claiming two-thirds of people using negative gearing now have a taxable income of $80,000 or less.
(16) They told voters, if elected, they could collect an additional $45bn in tax by clamping down on foreign multinationals that were aggressively shifting taxable profits out of the US.
(17) ACS welcomed the cut in corporation tax - "but with rising business rates, energy bills and employment costs, the challenge facing local shops is how to make taxable profits in the first place".
(18) The recall was prompted by a Reuters investigation which focused on Google's claim its UK-revenues were not part of a taxable British business.
(19) Expenses met by the Conservative party have varied between £5,105 and £13,149, which have been declared as taxable benefits.
(20) For the city as a whole, between 1998 and 2012, per capita taxable income fell by nearly a third.
Taxable
Definition:
(a.) Capable of being taxed; liable by law to the assessment of taxes; as, taxable estate; taxable commodities.
(a.) That may be legally charged by a court against the plaintiff of defendant in a suit; as, taxable costs.
Example Sentences:
(1) 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.
(2) The Double Irish loophole allows US companies, mostly in the technology and pharmaceutical sectors, to reduce their effective tax bill far below Ireland’s already generous 12.5% corporate tax rate by shifting most of their taxable income from an operating company in Ireland to another Irish-registered firm located in an offshore tax haven, such as Bermuda.
(3) It appears that ... the cap [is] used to ensure a relatively predictable level of taxable profit; [it does] not seem to be based on any arm’s length reasoning,” the commission said.
(4) Review negative gearing Federal Labor and the Greens have proposed a rethink of negative gearing, the practice of property investors claiming their losses as a deduction against their taxable income.
(5) Because pension incomes are taxable, and pensioners would have more to spend – generating indirect taxation – and the number of people on social security would be lower, the Exchequer would benefit by between £1.7bn and £3bn.
(6) Both retired and disabled workers whose covered employment began after 1950 were likely to have benefits as high or higher than the benefits of those with earlier credits--a reflection of rising wage levels and higher taxable maximums, as well as the "new start" computation method.
(7) The EU executive will oblige companies to disclose the payments they make at project level as opposed to government level only, revealing the sources of taxable government income from the extraction or logging industries.
(8) Gina Rinehart’s Hancock Prospecting was the country’s largest privately owned taxpayer, paying $466m on a taxable income of $1.5bn in 2015.
(9) Capital allowances enable businesses to cut their tax bill by offsetting a proportion of their spending on equipment and other assets against their taxable profits.
(10) Emerging economies want the rules to be overhauled so that multinational companies are required to apportion their taxable profits according to factors such as where in the world sales are made, where the workforce is located and where capital is invested.
(11) China-Africa trade $114.81 billion: Value of trade between China and Africa (2010) 43.5%: Year-on-year growth in two-way trade (2010) 45: Number of African countries China has signed bilateral trade agreements with $9.33 billion: Amount of Chinese direct investment in Africa by the end of 2009 5,000: Number of scholarships the Chinese government offers to students from African countries each year 4,700: Number of taxable items which China has exempted from tariffs if they come from the least-developed countries in Africa (as of July 2010) 500: Number of infrastructure projects China has provided assistance for in Africa.
(12) Goldsmith’s taxable income since 2010 is more than £6m, the vast majority of which comes from a family trust set up by his billionaire father, Sir James Goldsmith.
(13) MPs found that Revenue and Customs had far fewer resources, particularly in the area of transfer pricing: complex transactions deployed by multinational companies in order to shift taxable profits to low-tax jurisdictions.
(14) That would allow the officials to focus first on agreeing on a common methodology for apportioning taxable profits.
(15) The treasurer, Scott Morrison , is screaming at anyone who will listen that the policy will hit the “mums and dads” while claiming two-thirds of people using negative gearing now have a taxable income of $80,000 or less.
(16) They told voters, if elected, they could collect an additional $45bn in tax by clamping down on foreign multinationals that were aggressively shifting taxable profits out of the US.
(17) ACS welcomed the cut in corporation tax - "but with rising business rates, energy bills and employment costs, the challenge facing local shops is how to make taxable profits in the first place".
(18) The recall was prompted by a Reuters investigation which focused on Google's claim its UK-revenues were not part of a taxable British business.
(19) Expenses met by the Conservative party have varied between £5,105 and £13,149, which have been declared as taxable benefits.
(20) For the city as a whole, between 1998 and 2012, per capita taxable income fell by nearly a third.