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Accounting

TAX AVOIDANCE tæks əˈvɔɪdns

25 Jun 2022

Noun

  • Is working within the law to minimise the tax you owe.
Example Sentence: Richard has a really switched-on accountant who specialises in tax avoidance for self-employed people.
 

TAX ALLOWANCES tæks əˈlaʊəns

24 Jun 2022

Noun

  • Are concessions by the Inland Revenue which can be used to reduce a person's Taxable Income.
Example Sentence: Do you know how much the tax allowance is for a married person in Hong Kong?
 

PERCENTAGE pərˈsɛntɪdʒ

17 Jun 2022

Noun

  • rate or proportion out of 100.
Example Sentence: A percentage of the income will be given to a local charity.
 

A KICKBACK kɪkˌbæk

15 Jan 2022

Noun

  • an amount of money that is paid illegally for favours.
Example Sentence: The construction company was giving kickbacks to the local politicians.
 
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