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

#

Deferment of tax

Let's discuss the concept of tax deferral, which refers to the postponement of tax payments from the present year to a future year. Many countries have implemented laws to prevent taxpayers from using tactics to defer taxes that are not in line with legal regulations. An example of such legislation is the Controlled Foreign Corporation (CFC) legislation. This ensures that individuals do not exploit loopholes in the system to delay paying taxes.

Loss relief

Income tax laws often include provisions for mitigating losses, commonly through carrying them over to offset against profits in previous or future years, or by using them t...

More

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 ...

More

Personal allowances

This can reduce the taxable income and thus, the amount of tax owed. As we delve into the realm of personal finance, it is crucial to understand the concept of personal all...

More

Net profit

As we delve into the world of finance, it is important to understand the distinction between receipts from business transactions and deductible business expenses. While rece...

More