Tax
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Making allowances for childcare Benjamin Dierks...Saturday 21 November 2009 12.00 GMT While Gordon Brown has had to rethink his plan to abolish tax relief on childcare vouchers, family policy in Germany took a different turn right from the start. It's the better-off who benefit most from... In this article: Gordon Brown, Tax, Angela Merkel, Berlin, Social Democrat, Christian Democrat, and Germany |
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Telegraph.co.uk - All news | November 07, 2009
G20: Gordon Brown calls for global tax on financial transactions
G20: Gordon Brown calls for global tax on financial transactions Gordon Brown has called for a global tax on financial transactions to prevent future bank bail-outs as G20 leaders meet in Scotland to discuss the economy and climate change.
In this article: Gordon Brown, Climate change, Lars Lokke Rasmussen, Oxfam, and Peer Steinbruck
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Independent.co.uk - UK | November 07, 2009
Brown backs new tax on banks - but the US is opposed
Brown backs new tax on banks - but the US is opposed Britain will not act alone, the Prime Minister tells finance ministers at the G20 summit in St Andrews Alistair Darling (left) listens yesterday to Gordon Brown at the G20 Gordon Brown...
In this article: Gordon Brown, James Tobin, Tim Geithner, Britain, Washington, US, Downing Street, St Andrews, and Derivative
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UK sends officials to Washington to drum up IMF support for Tobin Tax
...support for Tobin Tax Gordon Brown has sent two senior Treasury officials to Washington in an effort to win the International Monetary Fund round to the controversial idea of a tax on all financial transactions. Published: 8:19AM GMT 13...
In this article: International Monetary Fund, James Tobin, Washington, Timothy Geithner, Oxfam, and Gordon Brown
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Guardian | November 09, 2009
Gordon Brown in secret push to sell 'Tobin tax' to City
Gordon Brown in secret push to sell 'Tobin tax' to City • FSA backs prime minister over tax on transactions • Global revenues could reach as high as GBP420bn Some US traders are up in arms at the Tobin tax plans. Photograph: Scott...
In this article: Gordon Brown, Hector Sants, Revenue, Collective responsibility, Financial Services Authority, and UK
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BBC News | November 07, 2009
Lukewarm reaction to UK tax plan
Charity support Russian Finance Minister Alexei Kudrin said: "I am a sceptic on such taxes. Gordon Brown is known for always raising taxes." Angela Knight, from the British Bankers' Association, said: "Tobin-type taxes don't work as they...
In this article: Gordon Brown, International Monetary Fund, Revenue, Downing Street, Alistair Darling, Canada, and UK
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Sydney Morning Herald - World | November 07, 2009
Brown plugs financial transactions tax
Brown plugs financial transactions tax British Prime Minister Gordon Brown called on the G20 here on Saturday to consider a tax on financial transactions to make banks more accountable to society. Brown told G20 finance ministers meeting in...
In this article: Gordon Brown, Britain, James Tobin, Adair Turner, Europe, Financial Services Authority, Oxfam, and United States
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Financial Times | November 08, 2009
Brown floats idea for global tax on banks
Brown floats idea for global tax on banks By Chris Giles in St Andrews, Scotland Published: November 7 2009 14:19 | Last updated: November 8 2009 12:06 Finance ministers and central bankers from the Group of 20 leading economies stressed...
In this article: Gordon Brown, International Monetary Fund, St Andrews, Global warming, Carbon, Tim Geithner, Alistair Darling, and US Treasury
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Brown says G20 should consider transactions tax
...should consider transactions tax British Prime Minister Gordon Brown called on the G20 here on Saturday to consider a tax on global financial transactions but the proposal looked doomed amid US opposition. Brown told G20 finance ministers...
In this article: Gordon Brown, James Tobin, Britain, United States, Europe, Jean-Claude Trichet, Tim Geithner, and Alistair Darling
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Brown backs radical City tax plan
Brown backs radical City tax plan Gordon Brown backs radical plan to transform global banking system A long-time supporter of a financial transactions tax says the prime minister has finally realised that the taxpayer should no longer foot...
In this article: Gordon Brown, IMF, US, Barack Obama, City of London, Credit crunch, and Financial Services Authority
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Description from Wikipedia:
To tax (from the Latin taxare: to estimate, which in turn is from tangere: to touch) is to impose a financial charge or other levy upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state.
Taxes are also imposed by many subnational entities. Taxes consist of direct tax or indirect tax, and may be paid in money or as its labour equivalent (often but not always unpaid). A tax may be defined as a "pecuniary burden laid upon individuals or property to support the government […] a payment exacted by legislative authority." A tax "is not a voluntary payment or donation, but an enforced contribution, exacted pursuant to legislative authority" and is "any contribution imposed by government […] whether under the name of toll, tribute, tallage, gabel, impost, duty, custom, excise, subsidy, aid, supply, or other name."
In modern taxation systems, taxes are levied in money, but in-kind and corvée taxation are characteristic of traditional or pre-capitalist states and their functional equivalents. The method of taxation and the government expenditure of taxes raised is often highly debated in politics and economics. Tax collection is performed by a government agency such as Canada Revenue Agency, the Internal Revenue Service (IRS) in the United States, or Her Majesty's Revenue and Customs (HMRC) in the UK. When taxes are not fully paid, civil penalties (such as fines or forfeiture) or criminal penalties (such as incarceration) may be imposed on the non-paying entity or individual.
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