profit tax
51profit — [[t]prɒ̱fɪt[/t]] ♦♦ profits, profiting, profited 1) N VAR A profit is an amount of money that you gain when you are paid more for something than it cost you to make, get, or do it. The bank made pre tax profits of ₤3.5 million... You can improve… …
52Tax deed sale — A tax deed sale is the forced sale, conducted by a governmental agency, of real estate for nonpayment of taxes. It is one of two methodologies used by governmental agencies to collect delinquent taxes owed on real estate, the other being the tax… …
53Tax Schedule — A rate sheet used by individual taxpayers to determine their estimated taxes due. There are four main schedules used, based on the filing status of the individual: Schedule X single Schedule Y 1 married filing jointly, qualifying widow(er)… …
54Profit and Loss Statement - P&L — A financial statement that summarizes the revenues, costs and expenses incurred during a specific period of time usually a fiscal quarter or year. These records provide information that shows the ability of a company to generate profit by… …
55Profit Before Tax - PBT — A profitability measure that looks at a company s profits before the company has to pay corporate income tax. This measure deducts all expenses from revenue including interest expenses and operating expenses, but it leaves out the payment of tax …
56profit taking — noun : the selling of commodities or securities at prices in excess of cost to realize profits * * * Stock Exchange. the selling of securities that have risen in price above costs; selling in order to realize a profit. [1895 1900] * * * profit… …
57profit-related pay — PRP A former UK scheme enabling employees to be paid part of their salary tax free; it was phased out in 2000–01. Payments to employees under a registered scheme could be tax free up to the maximum for the year; for profit periods beginning in… …
58Tax Identification Number — A Tax Identification Number or TIN is an identifying number used for tax purposes in the United States. It may be assigned by the Social Security Administration or by the IRS (Internal Revenue Service.) A TIN may be * a Social Security number… …
59Tax-Sheltered Annuity — A type of annuity that allows an employee to make contributions from his or her income into a retirement plan. The contributions are deducted from the employee s income and, as a result, the contributions and related benefits are not taxed until… …
60tax arbitrage — Trading that takes advantage of a difference in tax rates or tax systems as the basis for profit. Bloomberg Financial Dictionary …
