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Taxes

Imputation system

In finance, we often come across the term "imputation system". It refers to a tax system where a portion of the tax paid by a company on its profits is offset against the tax liability of shareholders who receive distributions from the company's profits. This system aims to avoid double taxation on corporate profits and incentivize companies to distribute their earnings to shareholders in the form of dividends. Essentially, it allows shareholders to benefit from the company's tax payments. This is a common practice in many countries, and understanding its implications is crucial in the world of finance.

Lump-sum taxation

These fixed taxes are known as flat taxes. In certain countries, tax authorities have the ability to impose a predetermined amount of taxes on income in specific scenarios,...

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Refund (of tax)

When discussing taxation, it is important to understand the concept of tax repayment. Simply put, this refers to the amount of tax that is returned to a taxpayer. This can ...

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Tax shelter

Tax planning involves strategically utilizing legal methods to minimize tax obligations and potentially defer payment. This includes taking advantage of tax relief and exemp...

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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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