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Taxes

Fiscal year

In the world of finance, a fiscal year refers to a specific 12-month time period that is designated for the purpose of financial reporting for a company or organization. This period is chosen by the enterprise and typically aligns with the natural business cycle. It is an essential concept for understanding a company's financial health and performance. Let's delve deeper into the intricacies of fiscal years and their significance in the world of finance.

Tax treaty

A fundamental concept in the realm of finance is the tax treaty, a bilateral agreement between two or more nations to prevent the double taxation of income. This treaty may ...

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Shell company

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

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Marginal rate of tax

As we delve into the intricacies of finance, one must understand the concept of tax rates. Specifically, the top slice or bracket of a taxpayer's income is subject to a prog...

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Origin principle

Under the value-added tax (VAT) system, there exists a principle known as "origin-based taxation." This means that the country where the goods are produced is responsible fo...

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