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Taxes

Property tax

One of the fundamental aspects of finance is understanding the various forms of taxes that individuals and businesses are subject to. A crucial type of tax is property tax, which is levied on properties owned by individuals and businesses, based on their assessed value. This group of taxes is a significant source of revenue for governments and plays a vital role in funding public services and infrastructure.

One hundred and eighty-three (183) days' rule

As we delve into the world of finance, it is important to understand the impact of one's presence in a country for 183 days or more within a 12-month period. This can greatl...

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Fruit and tree doctrine

The legal principle of income assignment states that an individual who receives income from either property or services is not allowed to transfer that income to another per...

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Tax secrecy

As a professor of finance, it is important to understand the concept of taxpayer confidentiality. This refers to the responsibility of tax officials to keep personal informa...

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Transaction taxes

Taxation is a crucial aspect of finance that involves levying charges on certain transactions. These transactions can vary, from sales tax on goods and services to property ...

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