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Taxes

Investment method

One of the methods utilized in the realm of finance is the application of Value Added Tax (VAT) in business transactions. This involves the immediate crediting of tax against expenditure incurred during the year for the acquisition of business assets. These assets, which may include machinery and equipment for manufacturers, contain a tax component in their price. The method aims to accurately account for the tax element and provide a more streamlined approach in managing business assets.

Unitary tax system

In the realm of finance, there exists a concept known as the unitary tax system. This system calculates the profits of an enterprise or group as a whole, rather than individ...

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Alienation of income

One often hears the term "transfer of income rights" in the realm of finance. This refers to the process of transferring the right to receive income from a source without ne...

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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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Subsidiary company

A subsidiary is a company that is controlled by another company, also known as the parent company. Various factors, such as the percentage of shares owned, are taken into co...

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