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Taxes

Progression

This is done in order to distribute the tax burden fairly among individuals.

As we delve into the world of finance, it's important to understand the concept of progressive individual income tax rates. This refers to the setup where a higher percentage of income is taxed as one's income increases. This approach aims to distribute the tax burden equitably among individuals. So you see, it's not just about paying taxes, but also ensuring fairness in the system.

Horizontal equity

In the world of finance, there is a fundamental principle known as the "equal treatment doctrine." This doctrine states that taxpayers who are in similar situations should b...

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Origin principle

Under the value-added tax (VAT) system, there exists a principle known as "origin-based taxation." This means that the country where the goods are produced is responsible fo...

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Reciprocity principle

Tax treaties are agreements between two countries that aim to facilitate trade and investment by reducing the double taxation of individuals and businesses. One of the key p...

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Imputed interest

One important concept in finance is implied interest. When a mortgage includes an interest rate that is deemed insufficient by tax law, the government will impute a higher r...

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