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Taxes

Base cost

"Good morning class, today we will be discussing an important concept in finance known as 'cost basis'. This term is used in capital gains tax legislation to refer to the original cost of an asset to its owner. In simpler terms, it is the amount of money paid to acquire an asset. Understanding this concept is crucial as it directly affects the calculation of capital gains tax. Let's dive deeper into this topic and explore its implications."

Frontier workers

This A frontier worker, in terms of taxation, is an individual who regularly travels between their residence and workplace across a border, typically on a daily basis. This ...

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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 col...

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Customs duties

, also known as customs duties, are a crucial aspect of international trade and play a significant role in a country's economy. These taxes are imposed by the government to re...

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Turnover tax

Indirect taxes are a broad category encompassing various types of consumption and sales taxes. These taxes are levied on goods and services, typically at the point of sale, ...

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