bid	the price at which a buyer is prepared to buy a security at a partucular time
offer	the price at which a seller is prepared to sell a security at a particulat time
Initial Public Offering (IPO)	The first public offering of a corporation's stock.
to underwrite the stock issue	guarantees to buy the shares if there are not enough other buyers
flotation	The process of a company 'going public'
income tax	A tax on people's earnings
direct tax	a tax on wages and salaries or on company profits
tax levied on	podatek nałożony na
progressive tax	A tax for which the percentage of income paid in taxes increases as income increases
Indirect tax	a tax levied on goods or services rather than on persons or organizations
value added tax	tax on the value added at every stage of the production process
capital gains tax	a tax levied on profit from the sale of property or of an investment.
inheritance tax	a state tax collected on the property left by a person to his or her heir(s) in a will
wealth tax	a tax on an individual's wealth
tax evasion	the use of illegal actions to reduce one's taxes
tax avoidance	the use of legitimate methods to reduce one's taxes