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Taxes

Terrtoriality principle

One commonly used term in the world of finance is "territorial taxation". This concept refers to the practice of taxing individuals or businesses only within the boundaries of a particular country or sovereign tax authority. In countries that adopt this approach, residents are not required to pay taxes on any income earned from foreign sources. This principle is often seen as a way to promote economic growth and incentivize individuals and businesses to invest and do business within their own country.

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...

A common obligation for homeowners, the tax on mortgages takes the form of a stamp duty imposed on the mortgage contract. This financial burden, often overlooked, can signif...

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Tax secrecy

As a professor of finance, it is important to understand the concept of taxpayer confidentiality. This refers to the responsibility of tax officials to keep personal informa...

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Withholding tax