Unit 8 Taxes and Taxation
Pre-reading tasks:
What is tax? What do you know about taxes?
Look at the photo
Do the figures in the photo correspond to our real life? Who knows how many taxes do we pay? What taxes do we pay? Is it fair to pay taxes? What are the paid taxes spent for?
Vocabulary notes
Read the definitions of the following economic concepts, try to remember them and be ready to use.
subscription – the amount of money we agree to pay regularly for something
tacit – expressed or understood without being said directly
rent – a payment made for the use of land or buildings
dividend – a payment of income by a company to its shareholders
interest - a) money that a person or institution such as a bank charges you for lending your money;
- b) money that you receive from an institution such as a bank when you keep money in an account there.
capital asset – something such as equipment or buildings that a company owns and uses in doing its business
deceased – the late, a dead person
inheritor – someone, who receives property or money from the late
community – a) people who live in an area;
b) society in general;
c) feeling part of group
gambling – an activity, in which you risk money in the hope of winning more money if you are lucky or if you guess something correctly
sin – an action, thought or way of wrong behaving that is wrong according to religious laws
evasion – the practice of avoiding doing something that you should do
Match English and Russian equivalents.
1. inheritance tax |
a. социальные гарантии |
2. interest |
b. по поручению, от имени |
3. income tax |
c. беспроблемный |
4. tacitly |
d. извне, из-за рубежа |
5. subscription |
e. процент, интерес |
6. social security |
f. акциз, акцизный сбор |
7. VAT |
g. азартные игры |
8. on behalf of |
h. избежание |
9. gambling |
i. налог на наследство |
10.customs duties |
j. безболезненно |
11.sin |
k. уклонение |
12.painless |
l. таможенная пошлина |
13.excise duties |
m. молчаливо |
14.to levy |
n. НДС, налог на добавленную стоимость |
15.from outside |
o. грех |
16.evasion |
p. подоходный налог |
17.trouble-free |
q. общая сумма подписки; сумма, которую мы добровольно платим за ч-л |
18.avoidance |
r. облагать, взимать |
WARMING UP.
Think and say your opinion.
Can any state exist without taxes? Why? If you were a minister of finance, what taxes would you introduce and what taxes would you reject? What other changes would you make in the law of taxation?
Read the text and be ready to render it.