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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.

Looking through

In the world of finance, we often come across complex terms that may seem daunting at first glance. One such term is "piercing the corporate veil", which refers to the act o...

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Gross income, taxes on

In certain nations, individuals are subject to income taxes based on their total income, with no allowances for expenses. This typically occurs at relatively low rates. As a ...

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Motive test

Tax rules often include tests to prevent individuals and businesses from avoiding taxes. These tests may consider the purpose of a transaction and impose consequences if it ...

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Sham transaction

A tax strategy often utilized by companies, a transaction without substance lacks any real economic or business purpose and is designed solely for the purpose of minimizing ...

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