tax base Definitions (2) 1. Measure upon which the assessment or - TopicsExpress

tax base Definitions (2) 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. Read more: businessdictionary/definition/tax-base.html#ixzz2VdTMvqeX businessdictionary/definition/tax-base.html

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