Search results for keyword: deduction
acting
Today many people work as freelance contractors, in which they have the freedom and convenience to work whenever it is best for them on any particular project. While the freelance lifestyle can be liberating, it also comes with certain risks and challenges. Freelancers may encounter varying paymen......
19/07/2023 
1066 
Jack
Most Favored Nation Tax Rate
Tax is one of the important sources of government revenue, and the headline tax burden has an immediate impact on citizens’ pockets. Looking around the world, for a long time, economists have deemed a 15-25 percent flat tax as optimal, providing a range that strikes an acceptable balance between ......
nominal tax rate
Definition of Nominal Tax Rate
The nominal tax rate is the rate at which taxes are paid on income or profits, without taking any deductions or other tax credits into account. This rate is usually expressed as a percentage. For example, if a taxpayer earns $100 of taxable income and pays $15 in ta......
Treasury bond net price transaction
Net-of-Fee Trading of U.S. Treasury Securities
U.S. Treasury securities are the most liquid securities in the world. Because of their deep liquidity, there is a vibrant market for the trading of these securities. What makes the trading even more novel is the fact that these securities can be tra......
retained earnings
Retention of Surplus: An Analysis
Most businesses are faced with the challenge of making decisions on how to manage their finances after profits have been realized. “Retention of surplus” is one of the main methods businesses use to invest or save their profits, rather than distributing it to s......
Equity divestiture
Equity Separation
Equity separation is a process through which organisations separate their ownership into different corporate entities, allowing them to pursue different activities, investments and asset classes independently. It is an important step in the restructuring process of companies who......
Principles of Political Economy and Taxation
Politics and Economics of Taxation
Taxation is one of the most important and contested topics in the world of modern politics and economics. On the one hand, taxation allows governments to fund public services and economic development initiatives, often with wide-reaching and multipronged impact......
Macau tax system
Introduction
The Macau Tax System is one of the simplest, fairest and transparent tax systems in the world. It is keenly pro-business and has attracted numerous multinational companies and investors. The simplicity of Macau’s taxes combined with its low tax burden, has made it an attractive and ......
marginal tax rate
Marginal Tax Rate
The marginal tax rate refers to the tax imposed on the last dollar of income earned by an individual or business. Marginal tax rates are progressive, meaning that as one earns more, a higher percentage is paid in taxes. For example, in the US, the first $10,000 of taxable income......
Prepaid expenses
Definition
Deferred expenses, also known as prepaid expenses or prepayments, are costs for goods and services that have been paid for prior to the recognition of an expense in the current period. Deferred expenses are recorded as an asset, then amortized or written-off over the course of multiple......
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