Medi Assist Healthcare IPO

Home Taxes

Finance Wiki

Trending Categories

All Financial Terms Financial Instruments Market Entities Corporate Actions Public Offerings Fixed Income Instruments Currency Commodity Mutual Funds Derivatives Trading Terms Taxes

More

Derivatives Trading Terms Taxes Property Fixed Income Credit Cards Options and Futures Stocks Insurance IPO Technicals Retirement Planning Loans Gold Bank Deposits

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

#

Taxes

Capital gain

A capital asset refers to any asset that is held for investment purposes, such as real estate, stocks, or bonds. When a capital asset is sold for a profit, this is known as a gain on the sale. This gain is calculated by subtracting the original purchase price from the selling price. It is an important concept to understand in finance as it can impact tax obligations and overall investment strategies. By familiarizing ourselves with this term, we can make informed decisions when it comes to managing our finances and achieving financial growth.

Credit, tax

Tax deductions refer to the reduction of taxable income, resulting in a lower amount of tax owed. This is different from offsetting against income, as it directly reduces th...

More

Soak-up tax

A foreign tax credit is a financial term that refers to a tax or levy that is dependent on the availability of a tax credit in another country. This means that if a taxpayer ...

More

Profits tax

Businesses are often subject to a tax called corporate income tax, which is imposed on their profits. This tax is separate from the ordinary income tax that individuals pay ...

More

Vertical equity

The concept of tax equity posits that individuals with varying financial situations should be subject to different tax rates. In other words, those with higher income and ca...

More