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Net worth tax
The net worth tax is a common feature in many European countries, particularly in the realm of property taxation. For resident taxpayers, the taxable base often includes their global net worth, which is calculated by subtracting total liabilities from total assets. This figure can then be further adjusted with deductions and exemptions that are outlined by tax laws. It's important for individuals to understand the specifics of this tax in order to properly manage their finances and comply with tax regulations.
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