Please study the 14 vocabulary terms below. Then press the Mark Complete button to continue.
- anti-avoidance legislation
- the laws which govern the correct payment of taxes
- capital gains tax
- the tax on the increase of value of a capital asset which is then sold
- CEO (chief executive officer)
- the highest rank in a company
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There is strict anti-avoidance legislation in most countries which means that failure to pay the full amount of due taxes is punishable by law.
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The accountant advised the owner to retain the property for 12 months before selling so as to reduce the amount of capital gains tax due.
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The CEO decided to hire a freelance tax advisor to help solve the problem.
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