Economy and Business Terms - Charlie, your teacher of English
In general, consumers will buy less beer as it gets more expensive. Suppliers (breweries in this
case) on the other hand, will start fermenting hops like mad to produce more and rake in extra cash.
The price at which the quantity demanded equals the quantity supplied is the market price.
Takeover: When one company tries to take over another, it will usually offer a price higher than the
current market price, so shareholders of the target company stand to make instant profits.
Takeovers mean high share trading volumes and so generate fat fees for the brokers and banks
involved. In business, a takeover is the purchase of one company (the target) by another (the
acquirer, or bidder). In UK, the term refers to the acquisition of a public company whose shares are
listed on a stock exchange, in contrast to the acquisition of a private company.
Takeover (Hostile takeovers: A "hostile takeover" allows a bidder to take over a target company
whose management is unwilling to agree to a merger or takeover. A takeover is considered "hostile"
if the target company's board rejects the offer, and if the bidder continues to pursue it, or the bidder
makes the offer directly after having announced its firm intention to make an offer. Development of
the hostile tender is attributed to Louis Wolfson.
Talent Management: It is an organization's attempts to recruit, keep, and train the most gifted and
highest quality staff members that they can find, afford and hire. Talent management gives business
managers an especially important role to play in recruiting, developing and retaining desirable staff
members.
Tax haven: A country or area with low tax rates where companies may hold investments to try to
minimize the amount of tax they have to pay. Examples include the Bahamas and the Cayman
Islands.
A tax haven is a state, country, or territory where, on a national level, certain taxes are levied at a
very low rate or not at all. It also refers to countries which have a system of financial secrecy in
place. It should be noted that financial secrecy can be used by foreign individuals to circumvent
certain taxes (such as inheritance tax on money, and income tax of the interest on the money you
have on your bank account). Because the requirement of paying taxes on these funds cannot be
transmitted, as the funds themselves are invisible to the country the individual is from, such taxes
can be avoided.
Tax Rate: A tax rate is the percentage at which an individual or corporation is taxed. The tax rate is
the tax imposed by the federal government and some states based on an individual's taxable
income or a corporation's earnings. The United States uses a progressive tax rate system, where
the percentage of tax increases as taxable income.
Tax Return: A tax return is the tax form or forms used to report income and file income taxes with
tax authorities such as the Internal Revenue Service (IRS) in the United States. Tax returns allow
taxpayers to calculate their tax liability and remit payments or request refunds, as the case may be.
In most countries, tax returns must be filed every year for an individual or business that received
income during the year, whether through wages, interest, dividends, capital gains or other profits.

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