All articles starting with T
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Tax
A tax is a compulsory, unrequited payment to government, the main revenue instrument of modern states; OECD countries averaged 34.1% of GDP in tax revenue in 2024.
Tax amnesty
A tax amnesty is a limited-time government offer letting taxpayers disclose undeclared liabilities in exchange for relief from penalties, interest, or criminal sanctions; 84 countries have run 184 since 2000.
Tax avoidance
Tax avoidance: legal reduction of tax liability, distinct from illegal tax evasion and from tax planning. Covers corporate profit shifting channels, the BEPS framework, the 15% global minimum tax, and UK tax gap measurement.
Tax credit
A tax credit is a provision that subtracts a specified amount from a taxpayer's tax liability dollar for dollar, unlike a deduction, which reduces taxable income.
Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act, known as the Trump tax cuts, is a 2017 US federal law that cut the corporate tax rate from 35 to 21 percent.
Tax Cuts Japan and Yukoku Alliance (減税日本・ゆうこく連合)
Tax Cuts Japan and Yukoku Alliance (減税日本・ゆうこく連合, Yukoku Rengo) was a short-lived Japanese party formed 24 January 2026 by Kazuhiro Haraguchi and Takashi Kawamura, advocating consumption tax abolition, that ran 18 candidates, won no seats in the 2026 election, and lost party status.
Tax Day
Tax Day is the United States federal individual income tax filing deadline, generally April 15 for calendar-year filers. Moved from March 1 to March 15 (1918) to April 15 (1954); extensions to October 15, Emancipation Day shifts, and COVID-19 delays alter it in some years.
Tax deduction
Tax deduction: an amount subtracted from taxable income. Covers US standard vs. itemized deductions, above-the-line deductions, history since 1913, and 2025-2026 OBBBA amounts and new breaks.
Tax Equity and Fiscal Responsibility Act
Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), Public Law 97-248: US budget law whose Medicare title created HMO risk contracting at 95 percent of AAPCC, TEFRA hospital target amounts, and the PRO peer review program.
Tax evasion
Tax evasion is the illegal, criminally punishable nonpayment of taxes owed, distinct from legal tax avoidance. Covers forms, measurement via random audits, US losses of $116–304 billion, offshore leaks, and enforcement.
Tax exemption
Tax exemption removes qualifying organizations, property, or transactions from a tax base; in the U.S. it centers on IRC 501(c)(3) charities, churches, and nonprofits, built by statutes from the 1894 Wilson-Gorman Tariff Act onward, with deduction, inurement, filing, and revocation rules.
Tax farming system
The tax farming system (สัมปทานภาษีอากร) was the practice in Siam of leasing tax collection to private entrepreneurs who bid at auction, dominant under King Rama III.
Tax haven
A tax haven, or fiscal paradise, is a jurisdiction offering non-residents very low or zero taxes, often with secrecy, so multinational profits and wealth are booked there rather than where activity occurs.
Tax Heaven 3000
Tax Heaven 3000 (TH3K) is a free 2023 romance visual novel by MSCHF in which dating Iris prepares a 2022 US federal tax return for single filers; delisted from Steam, released on itch.io.
Tax incidence
Tax incidence is the analysis of who ultimately bears the economic burden of a tax, which can differ from who is legally required to remit it.
Tax information exchange agreement
Tax information exchange agreement (TIEA): a bilateral OECD-modeled treaty, arising from the 2002 Model Agreement, letting two governments exchange tax information on request to enforce domestic tax laws, unlike double tax treaties.
Tax inversion
A tax inversion is a merger in which a US multinational's parent is replaced by a foreign parent, lowering US taxes; 60 were completed between 1983 and 2015.
Tax rate
A tax rate is the percentage at which income or transactions are taxed; statutory, marginal, average, and effective rates differ, and the distinctions drive most tax policy questions.
Tax rates in Europe
Tax rates in Europe: national and EU-harmonized rates on income, corporate profits, labour and consumption. EU-27 tax-to-GDP 39.4% in 2024 (Denmark 45.2% to Ireland 21.7%); average European corporate rate 21.6%; VAT floor 15%.
Tax Reform Act of 1986
The Tax Reform Act of 1986 was a US federal tax law signed by President Reagan that cut top rates to 28% while broadening the tax base.
Tax Reform of 1930
The Tax Reform of 1930 (Налоговая реформа 1930 года) was a Soviet decree of 2 September 1930 replacing many NEP-era taxes with the turnover tax and profit deductions.
Tax refund interception
Tax refund interception, or tax refund offset, is the U.S. Treasury Offset Program's withholding of federal income tax refunds to pay delinquent child support, student loans, state income tax, and similar debts, run by the Bureau of the Fiscal Service.
Tax returns of Donald Trump
Donald Trump's tax returns: federal and state filings he refused to release as candidate and president, first major-party nominee since 1976 not to; NYT 2020 leak showed $750 paid in 2016 and 2017; House Ways and Means released 2015–2020 returns in December 2022.
Tax treaty
A tax treaty, also called a double tax treaty or double taxation agreement, is an agreement between two nations dividing taxing rights over cross-border income to prevent double taxation.
Tax-Sharing Reform
Tax-Sharing Reform (分税制改革) is the division of tax revenues and administration between central and local government in China, imposed nationwide by the State Council effective 1 January 1994.
Taxaceae
Taxaceae, the yew family, is a conifer family of about 34 species in 6 genera (Taxus, Torreya, Amentotaxus, Austrotaxus, Pseudotaxus, Cephalotaxus) with single arillate seeds, distributed across North America, North Africa, and Eurasia to Southeast Asia.
Taxadiene synthase
Taxadiene synthase (TXS, TS, TDS) is a Taxus class I diterpene cyclase catalyzing the first committed Taxol pathway step, GGPP cyclization to taxadiene; engineered for microbial paclitaxel precursor production up to 1.26 g/L.
Taxane
Taxanes are diterpene microtubule-stabilizing chemotherapy drugs (paclitaxel, docetaxel, cabazitaxel, nab-paclitaxel) from Taxus yews; they bind beta-tubulin, cause G2/M arrest, and treat breast, ovarian, lung, and prostate cancers.
Taxanes
Taxanes are diterpenoid chemotherapy drugs that stabilize microtubules and kill rapidly dividing cancer cells, named for compounds first isolated from yew trees of the genus Taxus.
Taxarias
Taxarias is the Barrington Atlas name for an ancient Roman villa at Castanède, commune of Montalzat, Tarn-et-Garonne, France, in Gallia Aquitania; the name is attested AD 300-640 and mapped at 44.195486 N, 1.489513 E.