COMMERCE

swindle

To swindle means to dispossess someone of money or property through fraud or deceit.

[Last updated in March of 2022 by the Wex Definitions Team]

syndicate

A syndicate is an association or a joint venture formed to achieve a common business objective. For example, a syndicate may be formed by a group of investment bankers to underwrite and distribute new shares.

[Last updated in March...

takeover

A takeover occurs when the controlling interest in a corporation shifts from one party to another. Takeovers are categorized as either hostile or friendly depending on whether the management of the company being taken over is a willing...

takings

Overview

A taking is when the government seizes private property for public use.

A taking can come in two forms. The taking may be physical, which means that the government literally takes the property from its owner). Or the taking may be...

tariff

A tariff refers to the duty imposed on a foreign item when it is imported into another country. It also refers to custom duties or custom tolls. Before World War II, many countries supported trade protectionism theory, the tariff in the...

tariff engineering

Tariff engineering is the targeted design of a product's characteristics to reduce the tariff to be paid on imports. Unlike tax evasion, tariff engineering is legal. It studies changes to the material, structure, or other characteristics of a...

tax attorney

A tax attorney, also known as a tax lawyer, refers to an attorney who specializes in taxes. Tax attorneys are typically involved in analyzing from the tax perspective, advising clients on the tax consequences of specific transactions, and...

tax auditor

A tax auditor is a financial professional who specializes in taxes and evaluates financial records to determine whether they comply with applicable laws and regulations. Tax auditors, applying accounting principles, examine companies,...

Tax Cuts and Jobs Act of 2017 (TCJA)

The Tax Cuts and Jobs Act of 2017 (TCJA) is the unofficial name for the large set of changes to the Revenue Code of 1986, signed into law by President Trump in 2017. TCJA made many large changes across multiple areas of the tax code,...

tax optimization

Tax optimization consists of lowering the amount of tax liability by complying with the tax obligations in force in a given state/country by using the regulations to the taxpayer’s advantage. The taxpayer will thus use and take advantage of...

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