Soak-up Tax

Soak-up Tax,

Soak-up Tax Definition:

  1. Soak-up Tax means: Taxes or fees are subject to the availability of foreign tax credits in other countries.

Literal Meanings of Soak-up Tax

Soak:

Meanings of Soak:
  1. Dip one foot into warm paraffin, pausing between layers to allow them to dry.

  2. Covers higher fees or taxes.

  3. Lots of drinks.

  4. Periodically dipping someone or something into a liquid.

  5. Heavy drinker

Sentences of Soak
  1. Soak the peanuts in water overnight

  2. I waited in the tub for a long, long time.

Synonyms of Soak

wet, serious drinker, hard drinker, rinse, pickle, marinate, dip, submerge, alcoholic, souse, steep, submerse, drinker, sink, dunk, immerse, problem drinker, ret, douse, bathe

Up:

Meanings of Up:
  1. From a low point to a high point (something).

  2. Do something sudden or bold.

  3. Reason for raising (level or amount).

  4. Elevator (something)

  5. In a pleasant moment or in a good mood.

  6. Directed or moved to a higher position or location

  7. (Computer system or industrial process) works better.

  8. In a passionate and cheerful mood.

Sentences of Up
  1. Go up the stairs

  2. Capacity will increase by 70% next year

  3. Everyone appreciates and raises their glasses

  4. Escalator

  5. His contract expires in three weeks

  6. The system is now installed

  7. The atmosphere here must continue to grow

Synonyms of Up

uphill, towards a higher level, brighten, become fine, extend, make bigger, become bright, swell, build up, expand, make greater, become lighter, multiply, brighten up, become light, enlarge, upward, to the top, lighten, add to, break, clear up, elevate, light up, supplement, become brighter, become sunny, augment, raise

Tax:

Meanings of Tax:
  1. Tax (on something else)

  2. High demands (power or resources)

  3. (Someone) faces guilt or evil.

  4. Investigation and evaluation (file fee)

  5. Mandatory government income tax, which is levied by the government on employees' income and company profits, or is included in the price of certain goods, services and transactions.

  6. One type or more demand.

Sentences of Tax
  1. Hardware and software are taxed at 7.5%

  2. He knew that the next test would test his full strength.

  3. Why are you making these unreasonable accusations against me?

  4. Government employees who collect expenditure accounts

  5. Higher taxes will reduce consumer spending

  6. Readers' attention more

Synonyms of Tax

toll, pressure, charge duty on, encumbrance, accuse, levy a tax on, demand a tax on, tithe, load, condemn, weight, make demands on, assessment, demand, stretch, blame, fee, weigh heavily on, call to account, duty, drain, put a strain on, censure, tribute, impost, levy, charge, impose a toll on