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Taxes

Non-recourse debt

A non-recourse debt is a type of financing where the borrower is not personally liable for the repayment of the debt. This means that the lender can only use the pledged collateral to satisfy the debt, and cannot go after the borrower's other assets. This type of debt is commonly used in real estate financing, where the property acts as collateral for the loan. It is important to understand the implications of non-recourse debt before entering into any financial agreements.

Commodity tax

Tax is a financial obligation imposed on a specific set of goods. It is a form of revenue for the government and is often used to regulate consumption. The amount of tax imp...

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Premium at the issue of shares

When a corporation issues shares with a value higher than its par value, it is referred to as excess of issue value. This amount is not considered as profits and is instead ...

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Tax shelter

Tax planning involves strategically utilizing legal methods to minimize tax obligations and potentially defer payment. This includes taking advantage of tax relief and exemp...

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Business purpose test

Tax avoidance schemes can be rendered ineffective through the use of a powerful tool known as the "business purpose" test. This test is used to identify artificial schemes t...

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