tax verb Definition in Cambridge Business English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Definition of "tax" - Business English Dictionary

See all translations

tax

verb [T]
 
 
/tæks/ TAX, FINANCE
to make people or businesses pay an amount of money to the government from the money they earn, or when they buy goods or services: The state does not tax food or clothing.tax sth as sth The profits from these investments are taxed as ordinary income.tax sth at (a rate of) sth Earnings above the current threshold are taxed at 50%.tax sb on sth Homeowners who sell land for development are taxed on the profit.tax sb/sth heavily/lightly The government may tax housing more heavily. Non-electrical machines are lightly taxed.
(Definition of tax verb from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of tax?
Add Cambridge dictionaries to your browser to your website

Definitions of “tax” in other dictionaries

Word of the Day
social security

a system of payments made by the government to people who are ill, poor, or who have no job

Word of the Day

Are you a glass-half-full person? (Everyday Idioms)
Are you a glass-half-full person? (Everyday Idioms)
by Kate Woodford,
July 29, 2015
A reader of this blog recently asked for a post on idioms that are used in everyday English. This seemed like a reasonable request. After all, if you are going to make the effort to learn a set of English idioms, you want those idioms to be useful. The question, then, was

Read More 

responsible luxury noun
responsible luxury noun
August 03, 2015
high-end, green tourism and hospitality Jumeirah’s ‘responsible luxury’ approach is an example of a sustainable travel experience – future guests will enjoy the environment as much as today’s.

Read More