1. TAXATION

2. How to say this in English? 1.p.obveza 2.p. opterećenje 3.prijaviti p. 4.prikupiti p. 5.p.prijava 6.p. odbitak 7.p. ured 8.nametnuti (uvesti) p. 1.javni namet 2.p.stopa 3.p.obveznik 4.p.vlasti 5.oporezivo/neoporezi vo 6.izuzeće od poreza 7.porezna uprava

3. Find expressions for the following: p..obveza, p. opterećenje, prijaviti p.,prikupiti p.,p.prijava,p.uprava, p. odbitak, p. ured, nametnuti (uvesti) p., javni namet, p.stopa, p.obveznik, p.vlasti, oporezivo/neoporezivo, izuzeće od poreza  tax authorities Tax Administration Inland Revenue Service tax office  tax revenue (govt.) impose tax collect tax raise tax levy a tax public levy tax cuts vs. tax increase  taxpayers file a tax return declare tax  tax declaration tax return taxable, non-taxable tax rate tax liability, tax burden  tax avoidance tax exemption tax deduction tax haven tax holiday, tax break tax relief tax shelter

4. Types of tax Croatia  value-added tax (VAT)  excise taxes  personal income tax  corporate income tax  inheritance and gift tax ... *local surcharges, surtax  MacKenzie - p.136

5. MK: pp.136-137 FUNCT.FAIRNESS: (ADV& DISAD.) TAX AVOIDANCETAX EVASION PROFITSSALARIES

6. Sort out the words below: MacKenzie, Unit 23 (Central Bank and Taxation) 1.corporate tax 2.undeclared jobs 3.subsidized lunches 4.money laundering 5.wealth redistribution 6.tax shelters 7.progressive taxes 8.fairness 1.disincentive 2.dissuade people from smoking… 3.high tax rates 4.loopholes 5.self-employed 6.finance government 7.expenditure 8.tax-deductible

7. Sort out the words below: MacKenzie, Unit 23 (Central Bank and Taxation) 1.perks, benefits 2.income tax 3.tax havens 4.sales tax 5.cheating 6.underground economy 7.donations 8.company cars 1.moonlighting 2.regressive taxes 3.black economy 4.raise revenue 5.marginal rate 6.cheating 7.encourage capital investment 8.tax havens

8. Test 1 MK: pp.136-137 (pgs.A-E)  What are the functions of taxation? (A)  What may be considered unfair in the following taxes: corporation tax, progressive income tax,regressive tax? (B)  How can tax be avoided (minimised) a)on salaries and b)on profits? (D,E)  How is tax evaded on a)salaries and b)profits (C, E)?

9.  Corporate income is liable to taxation  To tax an income  To make a false (tax) declaration  Underground economy, black e. illegal e., unofficial e., grey e.  The underground economy can account for half of national income.

10. What happens in Croatia in February? Use the following words:  Taxpayers  Declare tax  Income tax, local surtax  File a tax return  Tax Administration