the willful giving of false testimony under oath or affirmation, before a competent tribunal, upon a point material to a legal inquiry. nonperjury, noun, plural nonperjuries. For example, Martha Stewart was pilloried at the time of her 2004 perjury trial for carrying a Birkin Bag to court with her.
What is the 'Effective Tax Rate'. The effective tax rate is the average rate at which an individual or corporation is taxed. The effective tax rate for individuals is the average rate at which their earned income is taxed, and the effective tax rate for a corporation is the average rate at which its pre-tax profits are taxed.
Several studies have found that U.S. corporations pay a similar or a lower effective tax rate â the rate actually paid â than corporations in other countries. 1  For example: 2  Our average effective tax rate is 27.1% compared with 27.7% for the other 30 OECD countries, according to CRS.