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22. Government and taxation
autor: Freeqy
allocationdistribution according to a plan
commercializeto organize something to make a profit
externalitiesthe result or effect of an action or situation
infrastructurebasic systems and services such as trasport and power supplies
optimalthe best or most likely to bring success
unfetterednot limited by any rules or controls
peakszczyt na wykresie
troughdołek na wykresie
contractionspadki na wykresie, recesja
expansionwzrosty na wykresie, ożywienie
income taxthe tax people pay on their wages and salaries
income taxpodatek dochodowy
direct taxa tax on wages and salaries or on company profits
direct taxpodatek bezpośredni
progressive taxpodaatek progresywny
progressive taxa tax levied at a higher rate on higher incomes
indirect taxpodatek pośredni
indirect taxa tax paid on property, sales trasactionsm imports etc.
value-added taxpodatek od wartości dodanej
value-added taxa tax collected at each stage of production, excluding the already-taxed costs from previous stages
capital gains taxpodatek od zysku
capital gains taxprofits made by selling assets are generally liable to it
inheritance taxpodatek spadkowy, od darowizny
inheritance taxgifts to a family members over a certain value are often liable to it
wealth tax / redistributive taxpodatek od zamożności
wealth tax / redistributive taxthe annual tax imposed on people`s fortunes (in some countries)
tax evasionuchylanie się od podatku
tak evasionmaking false declarations to the tax authorities
tax avoidanceunikanie podatku
tax avoidancereducing the amount of tax you pay to a legal minimum
tax havensraje podatkowe
tax havenscountries where taxes are low, where multinational companies often set up their head offices
loopholekruczek prawny
loopholea small mistake or exception in a tax law, which allows you to avoid paying something
money laundererspracze brudnych pieniędzy
povertyubóstwo