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Taxes

Advance ruling

. A letter ruling is a valuable tool in understanding the complex world of taxes. It is a written statement from tax authorities to a taxpayer, providing a detailed interpretation and application of tax laws to a particular situation. This allows individuals and businesses to navigate the intricacies of tax regulations with confidence. By seeking a letter ruling, one can gain a deeper understanding of their tax obligations and make informed financial decisions. Therefore, it is crucial to be aware of this resource and utilize it when needed.

Branch tax

When a foreign company operates through a branch in a country, it is subject to a special tax known as branch profits tax. This tax is in addition to the regular corporate i...

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Shell company

A deceptive organization created by dishonest individuals to mask their tax evasion tactics....

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Level playing field

Tax equalization is a strategy used by countries to minimize discrepancies in the taxation of mobile entities or transactions. This ensures fair competition among nations ba...

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Notice of assessment

Tax assessment is the final verdict of the tax authorities, based on a thorough evaluation of an individual's tax return. This process involves determining the taxable incom...

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