Reading comprehension

Make up the summary of the text using the questions to organize your answer:

1. When did the tamga tax appear?

2. Who paid the tamga tax? On what was the tamga tax imposed?

3. What was the name of the place at the fair where the duty was levied?

4. What provoked smuggling of goods and illegal trade?

5. How was the penalty for failure to pay duty shared between the state and the customs officers?

 

Vocabulary notes

artisans                              ремесленники

item for sale                       предмет для продажи

visiting merchants             приезжие купцы

paying the duty                 уплата пошлины

token                                           знак

khan’s seal                             печать хана

customs clearing                таможенная очистка

customs official                 таможенник

customs duties                   таможенные сборы

principality                        княжество

penalties                            штрафы

indirect tax collection        сбор косвенного налога

UNIT 6

PART 1

TOPIC FOCUS: Corporate profit tax

Discuss these questions with a partner.

1. What do you know about the corporate profit tax in Russia?

2. How is it regulated?

3. What is the corporate profit tax based on?

 

Exercise 1.

Practice reading the following words and collocations.

a) at the discretion of; exemption; gains; payroll; regularly; subsidiary; throughout; warehouse;

b) acquisition cost; annual returns; calculated profit; corporate profit tax; debt obligations; double taxation treaties; entrepreneurial business; fixed assets; gross proceeds; legal entities; net book value; permanent establishments; rendering services; subsurface resources; transferring party; tax returns; without consideration; worldwide income; incurred expenses; share capital; tax rate;

c) allocate; carry out; split into; submit.