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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.

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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Foreign tax relief

When discussing the topic of foreign tax relief, there are two main approaches that are often used: the credit method and the exemption method. In simple terms, these method...

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Use tax

In the realm of finance, we often come across the term "use tax." This refers to a tax imposed on goods that are used within a certain jurisdiction, even if they were purcha...

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Source rule

A crucial factor in understanding the taxation of income is the concept of source, as defined in a country's national law or a tax treaty. This provision determines the orig...

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