Home » Economic Terms Dictionary » Tax Base

Definition Of Tax Base:

1. Measure upon which the assessment or determination of tax liability is based.
For example, taxable income is the tax base for income tax and assessed value is the tax base for property taxes. 2. Total of taxable assets, income, and assessed value of property within the tax jurisdiction of a government.

Other Definition Of Economic Terms:

Tax Break
Tax Expenditure
Tax Holiday
Tax Incentive
Tax Supplement
Tax Surcharge

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