International tax glossary

The IBFD's 'International Tax Glossary' is currently in its fourth, revised edition. Since the first edition was published on the occasion of the IBFD's 50th anniversery in 1988, this definitive and authoritative desk reference has been continuously expanded and updated to reflect the changes taking place in international tax and investment. This book provides the broadest possible coverage of the language of taxation. In the first part of this book gives clear, concise definitions in English of more than 2,000 tax terms. The second part gives an alphabetical listing of 400 English terms from the first part of the book with their French, German and Spanish equivalents. Naturally, the 'International Tax Glossary' provides accurate descriptioons of all those traditional terms that confuse those new to or unfamiliar with tax. However, it also looks at the more exotic terms that leave even those with many years of experience in the profession guessing about their exact meaning, such as: -Bed & Breakfasting, the practice of selling shares late in the day and repurchasing them the next day in order to extablish a loss or to offset a capital gain -Olim, an Israeli term for new immigrants who are given various tax benefits -Rort, an Australian term denoting the delibrate and blatant exploitation of an opportunity in an improper, if not technically illegal manner -Alcabala, an old Spanish turnover tax levied on the sales price or exchange value of tangible property