Drag-along right — is a legal concept in corporate law. The right assures that if the majority shareholder sells his stake, minority holders are forced to join the deal. This right protects majority shareholders.[1] Drag along rights are fairly standard terms in a… … Wikipedia
Fiscal drag — refers to the process where tax thresholds are either not adjusted for inflation, or fail to keep pace with earnings growth, causing in either case an automatic rise in tax revenues.Example of nominal fiscal dragSuppose a person earns $20,000 per … Wikipedia
fiscal drag — ˌfiscal ˈdrag noun [uncountable] ECONOMICS when rising incomes mean that the government receives increasing amounts of tax, as people move up into higher tax bracket S (= levels of income with a particular tax rate). Taxes have to be adjusted to… … Financial and business terms
Fiscal Drag — is an economics term referring to a situation where a government s net fiscal position (equal to its spending less any taxation) does not meet the net savings goals of the private economy. This can result in deflationary pressure attributed to… … Investment dictionary
Value added tax — Taxation An aspect of fiscal policy … Wikipedia
Flat tax — A flat tax (short for flat rate tax) is a tax system with a constant tax rate. [James, Simon (1998) A Dictionary of Taxation , Edgar Elgar Publishing Limited: Northampton, MA] Usually the term flat tax would refer to household income (and… … Wikipedia
Alternative Minimum Tax — (AMT) is part of the Federal income tax system of the United States. There is an AMT for those who owe personal income tax, and another for corporations owing corporate income tax. Only the AMT for those owing personal income tax is described… … Wikipedia
fiscal drag — The time between when a government spending policy is approved and when it affects the economy. ► “But like Mr. Bush before him, Mr. Clinton has locked in the fiscal drag of a tax increase. (Wall Street Journal, April 5, 1994, p. A18) … American business jargon
fiscal drag — /ˌfɪskəl dræg/ noun 1. the effect of inflation on a government’s tax revenues. As inflation increases so do prices and wages, and tax revenues rise proportionately; even if inflation is low, increased earnings will give the government increased… … Dictionary of banking and finance
fiscal drag — The deflationary impact on a country s economy of a steady increase in tax revenues. Because most developed countries have progressive rates of taxation, the proportion of national income paid in taxes rises as national income grows … Big dictionary of business and management
