lump-sum tax

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00:57 Dec 16, 2020
English to Malay translations [PRO]
Bus/Financial - Finance (general)
Additional field(s): Business/Commerce (general), Economics, Marketing / Market Research
English term or phrase: lump-sum tax
Definition from The Economist:
A tax that is the same amount for everybody, regardless of income or wealth. Some economists argue that this is the most efficient form of TAXATION, as it does not distort incentives and thus it has no DEADWEIGHT COST. This is because each person knows that whatever they do they will have to pay the same amount. It is also cheap to administer, as there is no complex process of measuring each person's INCOME and ASSETS in order to calculate their tax bill.

Example sentence(s):
  • The lump-sum tax system is superior if there are no errors in classifying individuals but, when enough mistakes are made, income taxation may be the preferred system. Science Direct
  • Iowa lump-sum tax applies only if federal form 4972 was used to compute the federal tax on any portion of the lump-sum distribution. Iowa Department of Revenue
  • The lump-sum tax is calculated upon the annual expenses borne by the applicant individual considering his or her standard of living, as well as by those people he or she takes care of. These expenses represent the taxable base for the computation of the tax due. modaq
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Summary of translations provided
5 +1cukai sekali gus
ROHAYA NGAH


  

Translations offered


1 day 7 hrs   confidence: Answerer confidence 5/5 peer agreement (net): +1
cukai sekali gus


Definition from Daftar Istilah DBP:
Also translated as "cukai tetap" in text book. Cukai tetap/ sekali gus/ lump-sum ialah cukai yang mempunyai jumlah yang tetap sama walaupun pendapatan meningkat atau merosot.

Example sentence(s):
  • Ia bertujuan untuk mengurangkan beban pekerja daripada keperluan untuk membayar cukai sekali gus apabila cukai sebenar dikira. - Kaedah Cukai Pendapatan LHDN  

Explanation:
the correct spelling is "sekali gus" but "sekaligus" is also commonly used.
ROHAYA NGAH
Malaysia
Local time: 17:56
Native speaker of: Native in MalayMalay

Votes in favor of/against selecting this as the best translation of the term asked
Yes  Cassius Duwin
8 days
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