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Taxes

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, rather than following the typical method of calculating taxes based on income rates. This type of taxation is referred to as a flat tax.

Foreign tax relief

When discussing the topic of foreign tax relief, there are two main approaches that are often used: the credit method and the exemption method. In simple terms, these method...

Corresponding adjustment

When a tax administration makes a primary adjustment in one tax jurisdiction, the tax liability of the associated enterprise may also be adjusted in a second jurisdiction. T...

Tax legislation creates a theoretical enclosure that surrounds specific profits, losses, transactions, or groups of transactions. This enclosure serves the purpose of isolat...

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...

Lump-sum deductions

Tax deductions, commonly applied to one's income, are used to calculate taxable income. However, they may not always accurately represent the true financial situation. It's ...

Taxation is a complex subject, but one that is essential to understand in the world of finance. As a knowledgeable professor, it is important for us to delve into the specifi...

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Loans

All terms and concepts related to borrowing money, including different types of loans, interest rate

Financial Terms

A comprehensive resource containing definitions and explanations of terms, concepts, and jargon used

Fixed Income

Investments that provide regular, fixed payments, such as bonds and treasury bills.

Market Entities

All terms related to various types of organizations or individuals, like investors, banks, insurers,

Technicals

All terms and concepts related to technical analysis in finance, which involves using historical pri

Commodity

All terms related to the basic goods used in commerce that are interchangeable with other goods of t

Currency

All terms related to the system of money in general use in a particular country, representing a medi

Trading Terms

Trading Terms encompass terminology and phrases commonly used in financial markets, including terms

Bank Deposits

All terms and concepts related to the placement of money in a bank account, including savings accoun

Property

The "Property" category in finance encompasses all aspects related to real estate and tangible asset

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