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Taxes

Investment allowance

When it comes to finance, understanding the concept of allowance for depreciable assets is crucial. This refers to the additional amount added to the initial cost of a qualifying asset for the purpose of depreciation. Typically, this allowance is granted in the year of acquisition or as soon as possible thereafter.

Invoice company

Transfer pricing is a common concept in the world of finance, and one term that often comes up is "tax haven company." This refers to a company that is set up in a jurisdict...

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Deductions

In the realm of income tax, the term "deduction" refers to an item that is subtracted from taxable income, resulting in a reduction of said income. Essentially, deductions a...

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Sales tax

As a knowledgeable professor of finance, it is important to understand the concept of sales tax as a crucial aspect of our financial system. This tax is imposed as a percent...

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Investment deduction

Investment allowance is a tax incentive provided by the government to encourage businesses to invest in capital assets. It allows for a deduction on the taxable income of a ...

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