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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.

Retroactive effect

Understanding the impact of tax laws on past events is crucial for taxpayers. These laws can provide significant advantages for individuals when properly utilized. However, ...

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Compensating adjustment

In the realm of taxation, there exists a concept known as transfer pricing, where a taxpayer must determine an appropriate price for transactions between associated enterpri...

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Return

Taxpayers are required to submit declarations of their income, sales, and other relevant details, either personally or through a representative. These declarations are commo...

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Mixer company

In finance, there is a term used to describe a company that serves as a middleman to blend income from different foreign sources. This is done with the intention of maximizi...

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