Ex.4. Match the words on the left with the definitions on the right.
Date: 2015-10-07; view: 590.
Ex.3. Give three forms of the following verbs. Find the sentences with these verbs in the text.
Write, say, pay, operate, provide, carry out, vary, do, spend, show, meet, see, understand, withhold, impose, mean, go up.
| externality | a | money that you have to pay to the government so that it can pay for public services | |
| fiscal policy | b | a rate of tax that is paid on your next unit of income; the highest rate of tax that smb pays | |
| transaction | c | the percentage of an amount of money or of the value of smth that has to be paid as tax | |
| tax | d | responsibility for your decisions and actions and readiness to explain them when you are asked | |
| legal tender | e | practical or financial help that is provided, often by the government, for people that need it | |
| tax loophole | f | the activity of controlling a company, an organization, or a country; the way in which this is done | |
| tax rate | g | a standard that you use when you make a decision or form an opinion about smb/smth | |
| welfare | h | the way in which the government charges taxes or spends money in order to manage the economy | |
| taxation | i | = fixed tax; a system in which tax is paid at the same rate, however much you earn or spend | |
| benefit(s) | j | third party (or spill-over) effects arising from the production and/or consumption of goods and services for which no appropriate compensation is paid | |
| marginal tax rate | k | money that can legally be used to pay for things in a particular country | |
| accountability | l | money that is paid to people who are unemployed, ill, etc. by the government or through a system of insurance | |
| governance | m | a piece of business that is done between people, especially an act of buying and selling | |
| criterion | n | a small mistake in the way a law has been written that allows people to legally avoid smth the law intended them to do | |
| flat tax | o | the system or the act of collecting money by taxes |
Ex. 5. Make up verb+noun collocations (there may be several variants).
| to levy | funds |
| to carry out | harmful activities |
| to use | taxes |
| to raise | the poor |
| to distribute | functions |
| to support | criteria |
| to influence | benefits |
| to discourage | tax burden |
| to meet | money |
| to provide | economic performance |
| to pay | |
| to collect | |
| to impose | |
| to receive |
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| Ex.2. Give Ukrainian equivalents for the following words and phrases. | | | Ex.7. Choose the appropriate word or phrase to complete the following sentences. |