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Taxes

Terrtoriality principle

One commonly used term in the world of finance is "territorial taxation". This concept refers to the practice of taxing individuals or businesses only within the boundaries of a particular country or sovereign tax authority. In countries that adopt this approach, residents are not required to pay taxes on any income earned from foreign sources. This principle is often seen as a way to promote economic growth and incentivize individuals and businesses to invest and do business within their own country.

Constructive dividend

In the realm of finance, companies have the option to compensate their shareholders or those closely related to them through various forms of payment, including cash or non-...

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Evasion

Tax evasion is a complex concept that often involves the concealment of income or information from tax authorities in order to pay less tax than what is legally required. Th...

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Allowance

Taxes are an integral part of our financial system, and it's important to understand different types of deductions or exemptions. These are reductions in the amount of ta...

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Tax avoidance

of The concept of avoidance in finance refers to the act of deliberately avoiding certain investments or strategies in order to minimize risk or potential losses. This can i...

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