Tax Advantage

Definitions

Deferred Compensation Plan Retirement Benefits Executive Benefits Income Deferral Tax Advantage IRS Requirements Employer Loyalty

A Deferred Compensation Plan is a financial arrangement in which a portion of an executive's current earnings is deferred until retirement or a specified future date.

Definitions

General Anti-Abuse Rule (GAAR)

General Anti-Abuse Rule GAAR Tax Avoidance Tax Law UK Taxation Finance Act 2013 Tax Advantage Direct Taxation

A measure designed to counter tax avoidance in the UK by outlawing any arrangement that creates a tax advantage through means judged 'artificial and abusive.' The rule evaluates the reasonableness of the arrangements.

Definitions

Tax Advantage

Tax Advantage Tax Reduction Tax Exemption Tax Deduction Tax Credit Tax Deferral Tax Planning

A tax advantage is a benefit that individuals and businesses experience when they are eligible for a reduction in a charge to taxation, which can arise through exemptions, deductions, credits, or deferrals.