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Taxes

Jurisdiction

In the realm of finance, one may come across the term "Tax Jurisdiction" which refers to the power, right, or authority to interpret and apply tax laws or decisions. It is crucial to understand the concept of tax jurisdiction as it determines the scope and extent of taxation for individuals and businesses. Essentially, it outlines which tax laws and regulations are applicable to a particular entity or transaction. This knowledge is instrumental in making informed financial decisions and ensuring compliance with tax obligations.

Horizontal equity

In the world of finance, there is a fundamental principle known as the "equal treatment doctrine." This doctrine states that taxpayers who are in similar situations should b...

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Non-discrimination

In the world of finance, tax treaties play a crucial role in protecting the rights of individuals residing in different countries. These treaties often include a "non-discri...

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Taxable base

In the world of finance, we often come across the term "tax base". This refers to the specific entity or value to which the tax rate is applied. For instance, it could be co...

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Impost

In the world of finance, the term "impost" holds great significance. It represents a tax, specifically on goods that are imported into a country. This tax is determined by c...

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