Unit 9: Vocabulary

Please study the 15 vocabulary below and press the 'Mark Complete' button.
UK
US
anti-avoidance legislation
the laws which govern the correct payment of taxes
UK
US
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.
UK
US
capital gains tax
the tax on the increase of value of a capital asset which is then sold
UK
US
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.
UK
US
CEO (chief executive officer)
the highest rank in a company
UK
US
The CEO decided to hire a freelance tax advisor to help solve the problem.

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