What's the difference between taxability and taxation?
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.
Taxation
Definition:
(n.) The act of laying a tax, or of imposing taxes, as on the subjects of a state, by government, or on the members of a corporation or company, by the proper authority; the raising of revenue; also, a system of raising revenue.
(n.) The act of taxing, or assessing a bill of cost.
(n.) Tax; sum imposed.
(n.) Charge; accusation.
Example Sentences:
(1) 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.
(2) One-nation prime ministers like Cameron found the libertarians useful for voting against taxation; inconvenient when they got too loud about heavy-handed government.
(3) Scottish voters could be offered even greater freedoms on taxation and social policy after Labour said it would consider "radical" new powers under devolution.
(4) "The rise in those who are self-employed is good news, but the reality is that those who have turned to freelance work in order to pull themselves out of unemployment and those who have decided to work for themselves face a challenging tax maze that could land them in hot water should they get it wrong," says Chas Roy-Chowdhury, head of taxation at the Association of Certified Chartered Accountants.
(5) Continuing corporate concerns over the costs of health care, and recent changes in federal policies regarding Medicare and the taxation of employee benefit funds, threaten to alter the system of postretirement health benefits substantially and perhaps irrevocably for many.
(6) 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.
(7) The hideously unfair council tax system would be replaced by land value taxation , through which everyone would benefit from the speculative gains now monopolised by a few.
(8) What we are witnessing is the collision of two imperfect storms: the Conservative party’s turmoil over the future of taxation, and the transformation of the economy.
(9) And he insisted that if the states ended up with slightly different tax rates it would not amount to “double taxation”.
(10) If implemented, the ESM will reverse the greatest 19th-century political achievement in Europe: the transfer of the power to determine taxation and expenditure from unaccountable monarchical governments to formally accountable parliaments.
(11) The "no taxation without representation" principle, usefully established in another context, points to a different approach.
(12) At the same time, the government’s reduction in public sector funding has seen the Australian Taxation Office shed 2,300 jobs.
(13) A failure of the EU ETS would distort the internal market with the emergence of a patchwork of 27 different energy and climate measures ranging from regulations to taxation."
(14) Taxation may be just a part of any solution, but it is fundamentally necessary for two reasons.
(15) 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.
(16) John Whiting, tax policy director of the Chartered Institute of Taxation, explains that there is a sound principle behind it: to provide administrative simplification.
(17) It was only after a combination of heavy taxation (price), heavy legislation (banning smoking in public places), and heavy propaganda (warnings on packets; an effective, sustained anti-smoking advertising campaign; and most crucially, education in schools) was brought to bear on a resistant tobacco industry that smoking became a pariah activity for a new generation of potential consumers, and real, lasting change took place.
(18) An Oxford Business School's Centre for Business Taxation survey highlighted concerns about "a particular dearth of people who have the technical expertise to deal with the challenges presented by large business".
(19) Proposed policy remedies often involve transfers through taxation, though the effects of government taxation often reduce the efficiency of publicly financed health insurance.
(20) How can a government be held responsible for taxation if it becomes the opposition when education and health are discussed?