Vocabulary test
Drag & drop: Fill in the missing expression. Use the following words and phrases:
- tax haven
- tax shelters
- value-added tax
- loopholes
- income tax
- tax deduction
- tax evasion
- corporate tax
- progressive tax
- capital gains tax
- Many governments allow a for business-related expenses like travel, entertaining clients, and buying new office equipment, all of which can help to lower corporate taxes at the end of the year.
- Many wealthy people have there official residence listed in such as Lichtenstein and Monaco in order to avoid paying high taxes in countries like America or Germany.
- America is one example of a country with a . Someone who makes around sixty thousand dollars a year can expect to pay about 30% of it in taxes, while people making over one million dollars a year pay 50%.
- A lawyer can help firms of all sizes prepare their tax returns.
- Many famous mafia figures, such as Al Capone, were not arrested for murder or other violent crimes, but in fact for money laundering or .
- My accountant is a genius at finding and putting my money in so that I don't always have to pay all my taxes on time.
- The average person in America pays at both the federal and state level on whatever they earn in a year.
- In the Czech Republic, the on almost anything that you buy is 22%.
- The government recently rewrote the tax code to remove several that were allowing people with good accountants to avoid paying taxes that they really should have paid.
- The that my firm paid last year when we sold three of our production plants amounted to almost four million dollars.