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Taxes

Debtor

In the world of finance, we often come across the term "debtor" or "borrower". This refers to an individual or entity that has taken on a financial obligation to repay borrowed funds. This could be in the form of a loan, credit card debt, or any other type of financial agreement. Essentially, a debtor is someone who owes money to someone else. As we dive deeper into the world of finance, understanding the role of a debtor is crucial.

Floors

Tax benefits and detriments are subject to lower limits, such as in the case of medical expenses. In order for a taxpayer to claim a deduction, the expenses must exceed the ...

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Shell company

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

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Group treatment

In finance, we often come across the term "fiscal unity", which refers to the tax treatment of associated companies. It allows for the grouping of profits and losses, essent...

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Benefits in kind

One of the fundamental concepts in finance is the notion of non-cash compensation, which encompasses earnings received from employment in forms other than cash. This can inc...

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