0 money taken from a person's income and paid directly to the government by their employer
1 a percentage of the money earned from an investment that is kept by a financial organization to pay directly to the government in tax:
2 in the US, a percentage of an employee's income that an employer keeps to pay directly to the government in tax:
Some people may suggest that the key difference lies in the fact that withholding tax-exempt status merely involves denying a benefit, not imposing a cost.
This was realised in the form of company tax, withholding tax, dividends and mineral royalties.
In particular, when legislation concerning funded supplementary pension schemes was introduced in 1992, contributions to funded schemes were subjected to a 15 % withholding tax.
It might be argued that there really is no punitive intent in withholding tax-exempt status, but even if that were so, the consideration would not be decisive.
It has been said that we will have a withholding tax if the eurobond market can be accommodated.
Even in the transitional period, only two of the 15 countries have said that they will definitely retain a withholding tax.
A withholding tax will affect only personal taxpayers.
Some part of that should be regarded as withholding tax and as qualifying for relief.