undertaxed
Paying too little
Undertaxed describes someone or something taxed at a rate lower than what might be fair or appropriate.
The term often appears in policy debates about whether wealthy individuals or corporations pay their share: Critics argue that billionaires are undertaxed compared to middle-class workers.
It implies a judgment that current tax levels are insufficient.
Insufficiently financially supported
- shortfallFailure to reach quota
- deficitAmount still owed
- infrastructureBasic physical systems
- educationSystematic development of mind
healthcare · pensions · austerity · crumbling · inequality · fiscal · deterioration · underinvestment
Exploitable ambiguities in rules
- offshoreAway from land
- shelteringProtecting from elements
- havensProtected places of rest
- billionairesPeople with vast fortunes
oligarchs · plutocrats · tycoons · magnates · inheritance · trusts · dynasties · dividends
Away from land
- havensProtected places of rest
- unreportedNot officially documented
- hiddenKept out of sight
- concealmentAct of hiding something
noncompliance · fraud · audit · penalties · enforcement · whistleblower · nominees · illicit
Exploitable ambiguities in rules
- exemptionsReleases from obligation
- deductionsConclusions from reasoning
- creditsUnits toward graduation
- incentivesRewards prompting action
subsidies · carve-outs · preferential · regressive · deferral · avoidance · enforcement · compliance
Corporations operating in multiple countries
- headquartersCentral command location
- subsidiariesCompanies owned by another
- DelawareFirst to join the Union
- IrelandNorth Atlantic island republic
Cayman · Luxembourg · Singapore · earnings · revenue · OECD · windfall · buybacks
underfunded
Insufficiently financially supported
- shortfallFailure to reach quota
- deficitAmount still owed
- infrastructureBasic physical systems
education · healthcare · pensions · austerity · crumbling · inequality · fiscal · deterioration · underinvestment · schools
loopholes
Exploitable ambiguities in rules
- offshoreAway from land
- shelteringProtecting from elements
- havensProtected places of rest
billionaires · oligarchs · plutocrats · tycoons · magnates · inheritance · trusts · dynasties · dividends · assets
offshore
Away from land
- havensProtected places of rest
- unreportedNot officially documented
- hiddenKept out of sight
concealment · noncompliance · fraud · audit · penalties · enforcement · whistleblower · nominees · illicit · cash
loopholes
Exploitable ambiguities in rules
- exemptionsReleases from obligation
- deductionsConclusions from reasoning
- creditsUnits toward graduation
incentives · subsidies · carve-outs · preferential · regressive · deferral · avoidance · enforcement · compliance · reform
multinationals
Corporations operating in multiple countries
- headquartersCentral command location
- subsidiariesCompanies owned by another
- DelawareFirst to join the Union
Ireland · Cayman · Luxembourg · Singapore · earnings · revenue · OECD · windfall · buybacks · dividends