ISAs were essentially set up to allow people on lower incomes to save in a tax-favoured environment.
»The measure will make it easier for employees and employers to contribute to tax-favored savings accounts.
Financial and business terms. 2012.
tax-favoured investment — /ˌtæks ˌfeɪvəd ɪn vestmənt/ noun an investment which offers tax reducing incentives … Dictionary of banking and finance
Tax haven — A tax haven is a place where certain taxes are levied at a low rate or not at all. Individuals and/or firms can find it attractive to move themselves to areas with lower tax rates. This creates a situation of tax competition among governments.… … Wikipedia
tax — taxer, n. taxingly, adv. taxless, adj. taxlessly, adv. taxlessness, n. /taks/, n. 1. a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc. 2. a burdensome charge … Universalium
Labour and tax laws in Iran — govern the employment and fiscal contributions of people working and living in Iran. Roughly one fourth of Iran s labour forc is engaged in manufacturing and construction. Another one fifth is engaged in agriculture, and the remainder are divided … Wikipedia
property tax — a tax levied on real or personal property. [1800 10] * * * Levy imposed on real estate (land and buildings) and in some jurisdictions on personal property such as automobiles, jewelry, and furniture. Some countries also levy property taxes on… … Universalium
Inheritance Tax (United Kingdom) — In the United Kingdom, Inheritance Tax was first introduced as a tax on estates in England and Wales over a certain value from 1796, then called legacy, succession and estate duties. The value changed over time and the scope of estate duty was… … Wikipedia
exempt transfer of value (for inheritance tax) — England, Wales A transfer of value (broadly, a gift) made in lifetime or on death that is exempt from inheritance tax. For example, gifts to certain favoured beneficiaries (beneficia … Law dictionary
sales tax — expenditure tax; outlay tax A tax based on the selling price of goods. Such taxes are not now generally favoured, since they have a cascade effect, i. e. if goods are sold on from one trader to another the amount of sales tax borne by the… … Big dictionary of business and management
sales tax — A tax based on the selling price of goods. Such taxes are not now generally favoured, since they have a cascade effect, i.e. if goods are sold on from one trader to another the amount of sales tax borne by the ultimate buyer becomes too great.… … Accounting dictionary
Most-Favoured-Customer Clause — A Most Favoured Customer Clause (MFC) is a contractual arrangement between company and customer that guarantees the customer the best price the company gives to anyone. The MFC prevents a company from treating different customers differently in… … Wikipedia
