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Ministry of finance (mof)

In the field of economics, the government's role in managing the nation's financial affairs falls under the jurisdiction of the department responsible for formulating monetary policies, implementing tax laws, and collecting revenue. This department plays a crucial role in stabilizing the economy and ensuring the efficient allocation of resources. Let's delve deeper into the intricacies of these financial terms and understand their significance.

Control

When one person has the ability to ensure that another person follows their desires, this is referred to as control. This control can be utilized by individuals and corporat...

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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 tax...

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Debtor

In the world of finance, we often come across the term "debtor" or "borrower". This refers to an individual or entity that has taken on a financial obligation to repay bor...

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Tax authorities

A tax authority, also known as a revenue agency, is the governing body responsible for enforcing and regulating tax laws within a specific jurisdiction. This can include a c...

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