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tax wedge

Noun CEFR B2

Definitions

The difference between the price that includes all taxes and the untaxed price of a good, particularly the difference between the employer's labour cost and the employee's take-home pay.

Equivalents

DeutschSteuerkeil
Italianocuneo fiscale
1 more languages
Suomiverokiila

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See all B2 English words →

See also

tax wrapper tax year tax-deductibility tax-deductible Tax-exempt Tax-free

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