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Taxes

Non-recourse debt

A non-recourse debt is a type of financing where the borrower is not personally liable for the repayment of the debt. This means that the lender can only use the pledged collateral to satisfy the debt, and cannot go after the borrower's other assets. This type of debt is commonly used in real estate financing, where the property acts as collateral for the loan. It is important to understand the implications of non-recourse debt before entering into any financial agreements.

Earnings before taxes

In the world of finance, a key concept to understand is the calculation of a company's net income. This is determined by taking the sales revenue and subtracting the cost of...

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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...

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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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Invoice company

Transfer pricing is a common concept in the world of finance, and one term that often comes up is "tax haven company." This refers to a company that is set up in a jurisdict...

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