undertax Definition
Definition
To impose a tax that is less than the legally required or fair amount, leading to a shortfall in tax revenue. It can also mean to overvalue, which can result in underpayment of inheritance tax, etc.
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To impose a tax that is less than the legally required or fair amount, leading to a shortfall in tax revenue. It can also mean to overvalue, which can result in underpayment of inheritance tax, etc.
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