Throwout

Quick meaning: Throwout is a noun meaning (printing) A folded sheet that opens out to one side; half a gatefold.

Meaning

(printing) A folded sheet that opens out to one side; half a gatefold.

More Meanings

1. (US, accounting) A practice to avoid untaxed nowhere income by instead assuming the untaxed transaction is taxed in the originating state in a notional proportion to other taxable transactions.
2. (rare) One who has been rejected by society; an outcast.

Example Sentences

Alternatively, the throwout rule, adopted by only a few states, eliminates or “throws out” sales from the denominator of the apportionment factor when sales are not taxable in the destination state.

The first category were throwouts of the Police Reserve and the prisons organization who avenged themselves on these bodies that had rejected them by inventing and spreading accusations of malpractices.

The effect of the throwback rule is to distribute income according to sales in the origin state. The effect of the throwout rule is to distribute income according to the taxpayer’s overall activities as measured by the other apportionment factors.

The throwout rule would have the effect of attributing the receipts concerned to the Member States in proportion to the other sales, which is not supported by the logic of the sales factor as those other Member States have not contributed to the profits associated with those gross receipts.

Word Forms

• throwouts

Related Words

Related dictionary entries include throw-out, foldout, fold-out, gatefold, fold, bifold.

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