Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. An additional tax on something that has already been taxed
- n. A higher rate of an existing tax
from the GNU version of the Collaborative International Dictionary of English
- n. A tax in addition to the usual or normal tax; specif., in the United Kingdom, an income tax of sixpence for every pound in addition to the normal income tax of one shilling and twopence for every pound, imposed, by the Finance Act of 1909-1910 (c. 8, ss 66, 72), on the amount by which the income of any person exceeds £3,000 when his total income exceeds £5,000.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. an additional tax on certain kinds of income that has already been taxed
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
Examples
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Darling plans windfall 'supertax' - PA Guardian. co.uk
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Press Association Darling plans windfall 'supertax' - 33 mins ago
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Britain's Labour government outraged the country's bankers today by unveiling a one-off, so-called supertax on bank bonuses.
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Regulators in Britain have implemented a similar plan, called a "supertax," which according to recent reports will reap more than $3 billion for the government.
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The memo suggests a 75% 'supertax' for pantomime stars between December 5th and January 31st, suspending VAT on forks, cutting corporation tax for companies run by men named Ian and increasing child benefit for families who roam the land singing songs and performing magic tricks.
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a supertax was a somewhat clumsy way of effecting the purpose aimed at.
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* Hires may be put off until "supertax" lapses in April * MD pay at $1-$2. 5 million, senior bankers $4 million plus By Quentin Webb
WN.com - Articles related to Barclays Bank lobbied over Glasgow job cuts
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Bank will pay the Treasury £200m as a result of the one-off "supertax" on bonus pools.
WN.com - Articles related to French vote promises slap for Sarkozy
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Chancellor Alistair Darling is expected to announce a controversial one off "supertax" on bankers 'bonuses in his pre-Budget report today.
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The chairman, Win Bischoff, said he expected Lloyds to pay between £10m and £20m to the Treasury as a one-off "supertax" on bonuses.
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