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Taxes

Constructive ownership

This indirect ownership is known as beneficial ownership

When it comes to finances, it's important to understand the concept of beneficial ownership. This refers to the situation where an individual may be deemed to have ownership of property or stock, despite not directly holding it. In other words, the ownership is indirect. This can have significant implications for taxpayers, and it's crucial to have a solid understanding of this term. Let's delve into it further.

Non-resident

A non-resident, in simple terms, refers to an individual who spends a significant portion of the year outside their country of origin. This is an important concept in financ...

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Loophole

Tax law offers various opportunities for taxpayers to reduce their tax liabilities. One such opportunity is tax deductions, which allow taxpayers to deduct certain expenses ...

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Tax bill

Tax laws are an essential part of a country's economic system. Once a draft law on a tax matter is approved by the government, it is then presented to the Parliament for fur...

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Affiliation privilege

"Let's talk about dividend distributions and how they can be affected by tax laws. As a knowledgeable finance professor, I'm sure you're aware of the concept of double taxat...

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