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Import duty

of Care As a professor of finance, it is crucial to understand the concept of duty of care. This refers to the responsibility that a person or organization has towards their clients or investors. It encompasses the duty to act in good faith, with due diligence, and in the best interest of those being served. In the financial world, this duty is especially important as it involves handling other people's money. It requires a high level of expertise, ethical behavior, and accountability. Thus, it is essential to establish and maintain a duty of care to ensure the protection of investors and maintain trust in the financial market.

Exchange of information

In the world of finance, tax treaties play a crucial role in ensuring the proper exchange of information between countries. These treaties often include a provision that all...

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Malpractice

Professional misconduct refers to the improper or unethical actions of a professional while carrying out their duties. This can be deliberate or unintentional, resulting fro...

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Base cost

"Good morning class, today we will be discussing an important concept in finance known as 'cost basis'. This term is used in capital gains tax legislation to refer to the or...

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Mixer company

In finance, there is a term used to describe a company that serves as a middleman to blend income from different foreign sources. This is done with the intention of maximizi...

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