Rateability (Noun)
Meaning
The state of being liable to assessment or taxation.
Classification
Nouns denoting natural processes.
Examples
- The new tax law aimed to clarify the rateability of various types of income to prevent confusion among taxpayers.
- The court's decision established the rateability of the company's assets, paving the way for a significant tax increase.
- The government's proposal to broaden the rateability of certain goods and services sparked heated debates among lawmakers.
- The tax authority's guidelines helped to determine the rateability of foreign-earned income for expatriates.
- The company's financial advisors carefully reviewed the rateability of their investments to minimize tax liabilities.