- money that you have to pay to the government so that it can pay for public services. People pay tax according to their income and businesses pay tax according to their profits. Tax is also often paid on goods and services.
- to pay your taxes
- to raise/cut taxes
- tax on something a 20% tax on income
- in tax to pay over £1 000 in tax
- before/after tax profits before/after tax
- tax increases/cuts
- an increase in tax rates
- property/corporate tax revenue
Synonyms taxtaxduty ▪ customs ▪ tariff ▪ ratesThese are all words for money that you have to pay to the government.tax money that you have to pay to the government so that it can pay for public services:- income tax
- tax cuts
- The company has to pay customs duties on all imports.
- A general tariff was imposed on foreign imports.
- Business rates are very high in the city centre.
- (a) tax/duty/tariff/rates on something
- to pay an amount of money in tax/duty/customs/rates
- to pay (a) tax/duty/customs/tariff/rates
- to collect taxes/duties/rates
- to increase/raise/reduce taxes/duty/tariffs/rates
- to cut taxes/duties/rates
- to impose a tax/duty/tariff
- to put a tax/duty on something
Collocations The economyThe economyManaging the economysee also car tax, corporation tax, council tax, direct tax, estate tax, Harmonized Sales Tax, income tax, indirect tax, inheritance tax, payroll tax, pink tax, poll tax, pre-tax, road tax, sales tax, stealth tax, value added tax, windfall tax, withholding tax- handle/run/manage the economy
- boost investment/spending/employment/growth
- stimulate demand/the economy/industry
- cut/reduce investment/spending/borrowing
- reduce/curb/control/keep down inflation
- create/fuel growth/demand/a boom/a bubble
- encourage/foster/promote/stimulate/stifle innovation/competition
- encourage/work with/compete with the private sector
- increase/boost/promote US/agricultural exports
- ban/restrict/block cheap/foreign imports
- the economy grows/expands/shrinks/contracts/slows (down)/recovers/improves/is booming
- enjoy an economic/housing/property boom
- push up/drive up prices/costs/inflation
- damage/hurt/destroy industry/the economy
- cause/lead to/go into/avoid/escape recession
- experience/suffer a recession/downturn
- fight/combat inflation/deflation/unemployment
- cause/create inflation/poverty/unemployment
- create/burst a housing/stock market bubble
- cause/trigger a stock market crash/the collapse of the banking system
- face/be plunged into a financial/an economic crisis
- be caught in/experience cycles of boom and bust
- cut/reduce/slash/increase/double the defence/education/aid budget
- increase/boost/slash/cut public spending
- increase/put up/raise/cut/lower/reduce taxes
- raise/cut/lower/reduce interest rates
- ease/loosen/tighten monetary policy
- balance the (state/federal) budget
- achieve/maintain a balanced budget
- run a ($4 trillion) budget deficit/surplus
- impose taxes/austerity measures
Extra ExamplesTopics Moneyb1, Shoppingb1- Income tax will be deducted by your employer.
- Claims for expenses can be set off against tax.
- Collectively, smokers pay over £15 000 a day in tax.
- She was charged with conspiracy to evade taxes.
- Taxes look set to rise again.
- the government department responsible for collecting taxes
- an increase in the basic rate of tax
- introducing a 60% tax on alcohol
- He was criticized for putting a new tax burden on the poor.
- By broadening the tax base the chancellor could raise more revenues.
- He is non-resident for tax purposes.
- He was ordered to pay $2 million in tax arrears.
- Her accountant was good at exploiting tax loopholes.
- Her salary puts her in the highest tax band.
- His tax affairs are under investigation by the police.
- The tax office demanded £80 000 in back taxes.
- There are tax advantages to working freelance.
- an increase in tax liability on company cars
Oxford Collocations Dictionaryadjective- high
- low
- direct
- …
- pay
- owe
- charge
- …
- go up
- increase
- rise
- …
- payer
- preparer
- authority/authorities
- …
- after tax
- before tax
- in tax
- …
- for tax purposes
- the rate of tax
- inspector of taxes
- …
Word OriginMiddle English (also in the sense ‘estimate or determine the amount of a penalty or damages’): from Old French taxer, from Latin taxare ‘to censure, charge, compute’, perhaps from Greek tassein ‘fix’.Want to learn more?
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