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Taxes

Double taxation, domestic and international

Let's dive into the concept of double taxation, a common term in the realm of finance. Domestic double taxation occurs when a federal state imposes comparable taxes on a taxpayer by different tax authorities of equal power. On the other hand, international double taxation occurs when a taxpayer is subject to similar taxes in two or more countries on the same income or capital. This can happen when income is taxed both in the source country and in the country where the recipient resides.

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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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 ...

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Beneficial owner

In the world of finance, there exists a concept known as beneficial ownership. This refers to a situation where an individual, although not the legal owner of a property, st...

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Tax planning

Tax planning is a crucial aspect of managing one's financial affairs, both in business and personal realms. It involves strategizing and organizing financial activities to r...

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