flat tax

= proportional tax
A tax with a single rate (as opposed to one in which the rate of tax increases with the size of the tax base) and with no reliefs or exemptions apart from a standard personal allowance. In recent years a flat rate of income tax has been introduced in Russia and a number of Eastern European economies. The advantages claimed for such a system are that it is very simple to understand and operate, thereby reducing administrative costs for both government and business, that it eliminates many forms of tax avoidance, that the abolition of the higher-rate tax bands encourages enterprise and wealth creation, and that the raising of the threshold at which people begin to pay tax benefits the lowest earners (who also gain from the elimination of poverty traps). Opponents argue that it denies governments flexibility in setting tax policy and offends against the ability to pay principle by shifting the burden of tax from the wealthiest to those on middle incomes. Compare progressive tax; regressive tax See also single-tax system

Big dictionary of business and management. 2014.

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  • Flat Tax — 〈[ flæ̣t tæ̣ks] f.; , es [ ksız]〉 Form des Steuertarifes mit einem einheitlichen, vergleichsweise niedrigen Steuersatz anstelle von unterschiedlichen Tarifklassen, der einen allgemeinen Steuerfreibetrag für das Existenzmininum u. Verzicht auf… …   Universal-Lexikon

  • Flat tax — A flat tax (short for flat rate tax) is a tax system with a constant tax rate. [James, Simon (1998) A Dictionary of Taxation , Edgar Elgar Publishing Limited: Northampton, MA] Usually the term flat tax would refer to household income (and… …   Wikipedia

  • Flat Tax — Mit Flat Tax (kurz für Flat Rate Tax) oder Einheitssteuer wird ein einstufiger Einkommensteuertarif bezeichnet. Der Grenzsteuersatz ist konstant und mit dem Eingangs und Spitzensteuersatz identisch. Eine Einheitssteuer mit einem Grundfreibetrag… …   Deutsch Wikipedia

  • Flat-Tax — Mit Flat Tax (kurz für Flat Rate Tax) oder Einheitssteuer wird ein einstufiger Einkommensteuertarif bezeichnet. Der Steuersatz ist konstant und damit gleich dem Grenzsteuersatz. Das Konzept der Flat Tax wurde von Robert E. Hall und Alvin Rabushka …   Deutsch Wikipedia

  • Flat tax — Mit Flat Tax (kurz für Flat Rate Tax) oder Einheitssteuer wird ein einstufiger Einkommensteuertarif bezeichnet. Der Steuersatz ist konstant und damit gleich dem Grenzsteuersatz. Das Konzept der Flat Tax wurde von Robert E. Hall und Alvin Rabushka …   Deutsch Wikipedia

  • Flat Tax — A system that applies the same tax rate to every taxpayer regardless of income bracket. A flat tax applies the same tax rate to all taxpayers, with no deductions or exemptions allowed. Supporters of a flat tax system propose that it would give… …   Investment dictionary

  • flat tax — A tax which is levied at the same rate on all levels of income. Antithesis of progressive tax . Bloomberg Financial Dictionary * * * flat tax flat tax ➔ tax1 * * * flat tax UK US noun [C, usually singular] ► TAX a tax that is paid at a single… …   Financial and business terms

  • Flat tax — Impôt à taux unique L impôt à taux unique ou impôt proportionnel (flat tax en anglais) est un système d origine ancienne qui impose tous les membres d un groupe (comme des citoyens ou des entreprises) au même taux, contrairement à l impôt… …   Wikipédia en Français

  • flat tax — proportional tax A tax with a single rate (as opposed to one in which the rate of tax increases with the size of the tax base) and with no reliefs or exemptions apart from a standard personal allowance. In recent years a flat rate of income tax… …   Accounting dictionary

  • flat tax — /ˈflæt tæks/ (say flat taks) noun → flat rate tax …   Australian English dictionary

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