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Taxes

Jeopardy assessment

A tax assessment is a crucial step in the process of collecting taxes. It is typically carried out when there is a risk of losing tax revenue. This can happen due to various reasons, such as inaccurate reporting or deliberate tax evasion. As a knowledgeable professor in finance, I urge you to understand the importance of tax assessments in ensuring a fair and efficient tax system.

Hybrid accounting methods

In the world of finance, there exists a concept known as "hybrid accounting." This term describes the practice of utilizing a combination of accounting methods, such as accr...

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Customs duties

, also known as customs duties, are a crucial aspect of international trade and play a significant role in a country's economy. These taxes are imposed by the government to re...

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Safe harbour

Tax authorities often provide broad guidelines for interpreting tax laws. These guidelines may specify that transactions falling within a particular range will be deemed acc...

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Debt dumping

When a company is unable to collect a debt, it may choose to transfer it to a group company in a different country with a higher tax rate. This allows the company to write o...

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