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Special meaning when used formally refers to the fixed or restricted interpretation of certain words or phrases allowed in certain matters.
| | This article needs additional citations for verification .(January 2021) |
Special meaning when used formally refers to the fixed or restricted interpretation of certain words or phrases allowed in certain matters.
In the jurisdictions of the United Kingdom, certain words or phrases are interpreted in their particular context as having only the meaning or meanings allowed by relevant statute, regulation or case law:
'In these Guidelines a number of terms are used which are intended to have a special meaning for the purpose of the Guidelines.'
[Guidelines on the Meaning of Research and Development for Tax Purposes - issued by the United Kingdom Secretary of State for Trade and Industry for the purposes of Section 837A Income and Corporation Taxes Act 1988.] [1]
A trust is a legal relationship in which the owner of property, or any transferable right, gives it to another to manage and use solely for the benefit of a designated person. In the English common law, the party who entrusts the property is known as the "settlor", the party to whom it is entrusted is known as the "trustee", the party for whose benefit the property is entrusted is known as the "beneficiary", and the entrusted property is known as the "corpus" or "trust property". A testamentary trust is an irrevocable trust established and funded pursuant to the terms of a deceased person's will. An inter vivos trust is a trust created during the settlor's life.
In a computer language, a reserved word is a word that cannot be used as an identifier, such as the name of a variable, function, or label – it is "reserved from use". This is a syntactic definition, and a reserved word may have no user-defined meaning.
This article outlines the differences between Malaysian English, Malaysian Colloquial English (Manglish) and British English, which for the purposes of this article is assumed to be the form of English spoken in south east England, used by the British Government, the BBC and widely understood in other parts of the United Kingdom.
A slogan is a memorable motto or phrase used in a clan, political, commercial, religious, or other context as a repetitive expression of an idea or purpose, with the goal of persuading members of the public or a more defined target group. The Oxford Dictionary of English defines a slogan as "a short and striking or memorable phrase used in advertising". A slogan usually has the attributes of being memorable, very concise and appealing to the audience.
The "disadvantaged" is a generic term for individuals or groups of people who:
Transfer pricing refers to the rules and methods for pricing transactions within and between enterprises under common ownership or control. Because of the potential for cross-border controlled transactions to distort taxable income, tax authorities in many countries can adjust intragroup transfer prices that differ from what would have been charged by unrelated enterprises dealing at arm’s length. The OECD and World Bank recommend intragroup pricing rules based on the arm’s-length principle, and 19 of the 20 members of the G20 have adopted similar measures through bilateral treaties and domestic legislation, regulations, or administrative practice. Countries with transfer pricing legislation generally follow the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations in most respects, although their rules can differ on some important details.
The term "offshore company" or "offshore corporation" is used in at least two distinct and different ways. An offshore company may be a reference to:
A by-law, is a set of rules or law established by an organization or community so as to regulate itself, as allowed or provided for by some higher authority. The higher authority, generally a legislature or some other government body, establishes the degree of control that the by-laws may exercise. By-laws may be established by entities such as a business corporation, a neighbourhood association, or depending on the jurisdiction, a municipality.
In a patent or patent application, the claims define in technical terms the extent, i.e. the scope, of the protection conferred by a patent, or the protection sought in a patent application. In other words, the purpose of the claims is to define which subject-matter is protected by the patent. This is termed as the "notice function" of a patent claim—to warn others of what they must not do if they are to avoid infringement liability. The claims are of paramount importance in both prosecution and litigation.
A corporate tax, also called corporation tax or company tax, is a type of direct tax levied on the income or capital of corporations and other similar legal entities. The tax is usually imposed at the national level, but it may also be imposed at state or local levels in some countries. Corporate taxes may be referred to as income tax or capital tax, depending on the nature of the tax.
Nix v. Hedden, 149 U.S. 304 (1893), is a decision by the Supreme Court of the United States in which the Court unanimously held that tomatoes should be classified as vegetables rather than fruits for purposes of tariffs, imports and customs. Justice Horace Gray delivered the opinion of the Court in holding that the Tariff Act of 1883 used the ordinary meaning of the words "fruit" and "vegetable", instead of the technical botanical meaning.
A transfer tax is a tax on the passing of title to property from one person to another.
A code word is a word or a phrase designed to convey a predetermined meaning to an audience who know the phrase, while remaining inconspicuous to the uninitiated. For example, a public address system may be used to make an announcement asking for "Inspector Sands" to attend a particular area, which staff will recognise as a code word for a fire or bomb threat, and the general public will ignore.
Statutory interpretation is the process by which courts interpret and apply legislation. Some amount of interpretation is often necessary when a case involves a statute. Sometimes the words of a statute have a plain and a straightforward meaning. But in many cases, there is some ambiguity in the words of the statute that must be resolved by the judge. To find the meanings of statutes, judges use various tools and methods of statutory interpretation, including traditional canons of statutory interpretation, legislative history, and purpose. In common law jurisdictions, the judiciary may apply rules of statutory interpretation both to legislation enacted by the legislature and to delegated legislation such as administrative agency regulations.
Urban Dictionary is a crowdsourced English-language online dictionary for slang words and phrases. The website was founded in 1999 by Aaron Peckham. Originally, Urban Dictionary was intended as a dictionary of slang or cultural words and phrases, not typically found in standard English dictionaries, but it is now used to define any word, event, or phrase. Words or phrases on Urban Dictionary may have multiple definitions, usage examples, and tags. As of 2014, the dictionary contains over seven million definitions, while around 2,000 new entries were being added daily. Urban Dictionary has also become a repository for bigoted postings.
International taxation is the study or determination of tax on a person or business subject to the tax laws of different countries, or the international aspects of an individual country's tax laws as the case may be. Governments usually limit the scope of their income taxation in some manner territorially or provide for offsets to taxation relating to extraterritorial income. The manner of limitation generally takes the form of a territorial, residence-based, or exclusionary system. Some governments have attempted to mitigate the differing limitations of each of these three broad systems by enacting a hybrid system with characteristics of two or more.
Pepper v Hart [1992] UKHL 3, is a landmark decision of the House of Lords on the use of legislative history in statutory interpretation. The court established the principle that when primary legislation is ambiguous then, in certain circumstances, the court may refer to statements made in the House of Commons or House of Lords in an attempt to interpret the meaning of the legislation. Before this ruling, such an action would have been seen as a breach of parliamentary privilege.
An excise, or excise tax, is any duty on manufactured goods that is normally levied at the moment of manufacture for internal consumption rather than at sale. It is therefore a fee that must be paid in order to consume certain products. Excises are often associated with customs duties, which are levied on pre-existing goods when they cross a designated border in a specific direction; customs are levied on goods that become taxable items at the border, while excise is levied on goods that came into existence inland.
Brand language is the body of words, phrases, and terms that an organization uses to describe its purpose or in reference to its products. Brand language is used in marketing to help consumers connect specific words or ideas to specific companies or products. When developing a brand language, word choice and tone are the two fundamental components. Word choice is the vocabulary that is used in the marketing or advertising, while tone refers to the attitude of the advertisement. Tone is not limited to language, it can also be incorporated through visual elements as well as delivery.
Paul Nation is an internationally recognized scholar in the field of linguistics and teaching methodology. As a professor in the field of applied linguistics with a specialization in pedagogical methodology, he has been able to create a language teaching framework to identify key areas of language teaching focus. Paul Nation is best known for this framework, which has been labelled The Four Strands. He has also made notable contributions through his research in the field of language acquisition that focuses on the benefits of extensive reading and repetition as well as intensive reading. Nation's numerous contributions to the linguistics research community through his published work has allowed him to share his knowledge and experience so that others may adopt and adapt it. He is credited with bringing « legitimization to second language vocabulary researches » in 1990.