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Taxes

Double taxation, domestic and international

Let's dive into the concept of double taxation, a common term in the realm of finance. Domestic double taxation occurs when a federal state imposes comparable taxes on a taxpayer by different tax authorities of equal power. On the other hand, international double taxation occurs when a taxpayer is subject to similar taxes in two or more countries on the same income or capital. This can happen when income is taxed both in the source country and in the country where the recipient resides.

Zero rate

In finance, "zero-rated" refers to a tax rate of 0% that is applied to certain goods or services. Specifically, this term is commonly used in the context of VAT, or value-ad...

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Frontier workers

This A frontier worker, in terms of taxation, is an individual who regularly travels between their residence and workplace across a border, typically on a daily basis. This ...

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Destination principle

One of the core principles in a VAT system is the destination principle. This principle requires that VAT on goods is paid in the country where the buyer resides, also known...

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Tax form

As a finance professor, I want to share with you the importance of tax forms in the world of finance. These forms serve as a means for taxpayers to declare their taxable inc...

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