Sentence examples for incurred tax from inspiring English sources

He recalled a 2004 incident in which Oprah Winfrey gave 276 cars to the audience of her show, who were surprised to discover they incurred tax obligations of around $7,000.

They examine all the foreign profits held abroad by these firms (because bringing the money home would incur tax).

In some cases, the plaintiffs cashed in their annuities prematurely, surrendering some of their benefits and incurring tax penalties.

One way for Americans to make gifts for specific purposes and not to incur tax liability of any sort is to swerve around the intended recipient.

Yet there are simple ways, a number of which Ms. Abrams has employed, for grandparents to pick up some of the biggest expenses without incurring tax.

Under the government's reforms judges, in common with other high earners, may now incur tax charges where their pension saving goes above limits set by parliament.

Cohen suggested Trump did not wish to release his tax returns because the ensuing public scrutiny would lead to an audit and force him to incur tax penalties.

They also favor changing tax rules to make it easier to restructure loans (under current regulations, the parties would incur tax penalties), and eliminating what they say are onerous taxes on foreign real estate investment.

Since MIT is generally not recognized as a tax-exempt organization outside of the U.S., contracts funded by foreign organizations or transactions in foreign jurisdictions may incur tax liabilities.

Charitable giving is deductible from taxable estates and, as a result, wealthy people often bequeath large sums to charities or museums rather than incur tax on their estates when they die.

This system, which is in place in parts of Europe and is known as the "allowance for corporate equity" (ACE), permits firms to make a certain level of profit without incurring tax.