tax base

[taks beys]

noun

1. the total value of property, income, or other assets that can be taxed by a governing authority, such as a city, town, or state, used to calculate tax rates.

   The town is primarily residential, with commercial and industrial properties making up only 10 percent of the tax base.

Example Sentences

“Reforms such as harmonizing VAT rules or establishing a common consolidated corporate tax base remain stuck because of national vetoes, leaving firms to navigate a maze of fragmented tax regimes,” she said.

Read more on The Wall Street Journal

But as its tax base continues to be eroded by waves of robots and increasingly sophisticated artificial intelligence, something must be done.

Read more on MarketWatch

The Treasury said that business rates would be adjusted to reflect changes in the overall value of the tax base, "so that the system continues to raise the same amount of revenue in real terms".

Read more on BBC

We’ve got to change government so that government is encouraging businesses to come, big and small, so our employment base grows and our tax base grows.

Read more on Los Angeles Times

Many emergency managers, including in Yancey County, operate in rural areas with small tax bases and skeleton staffs.

Read more on Salon