Tax

Tag: BR

  • Break-even Point

    Description and Definition of Break-even Point The point at which revenues and costs are equal. Resources See Also Further Reading Break-even Point in the West's Tax Law Dictionary Break-even Point in "A Dictionary of Taxation"

  • Brackets

    . Bracket Creep The edging into higher tax brackets that occurs as income rises with inflation. Bracket creep increases government revenue without tax increases. The Tax Reform Act of 1986 virtually ended bracket creep by taxing individuals in only two brackets beginning in 1988 and adjusting the b…

  • Bribe

    Bribe means:any illegal payment or kickback made directly or indirectly to a domestic government official or employee. A bribe is not deductible. Former IRC (check if this IRC provision is current here) § 162(f)….

  • Broker

    Broker means:any person who, in the ordinary course of business, stands ready to effect sales between other parties. Former Tax Regulation (check if this Reg. is current here) §1.6045-1 (a)(1). A broker is required to prepare and send to the U…

  • Branch Profits Tax

    About Branch Profits Tax: A BPT is a tax of 30% of the dividend equivalent amount, imposed on foreign companies doing business in the United States. The dividend equivalent amount is the foreign corporation's effectively connected earnings and profits for the tax year, subject to certain adjustments…

  • Brother-sister Controlled Group of Corporations

    The Brother-sister Controlled Group of Corporations are. two or more corporations owned by the same shareholder(s). Five or fewer persons must own at least 80% of each corporation. Former IRC (check if this IRC provision is current here)…

  • Brother-sister Corporation

    Brother-sister Corporation means:two or more corporations owned 50% or more by the same shareholder. Former IRC (check if this IRC provision is current here) §304.U.S. and other Developed Countries International Tax Meaning…