Search results for keyword: deductions
Fiscal taxation
Dont let taxes be an unwelcome surprise this year. With the right strategy and information, making your tax payment can be a straightforward annual process.
Taxes provide the government with revenue to be used for public services, such as schools and healthcare. The federal government collects pe......
11/07/2023 
1077 
Katherine
vehicle purchase tax
Car Purchase Tax
The car purchase tax is a tax paid on the purchase of a new vehicle. It is a government-imposed tax that is levied on individuals who buy new cars. It is a levy intended to generate revenue for governments and is used to fund public services.
The car purchase tax is imposed on t......
Integrity and tax payment
Honesty and Taxation
The foundation of taxation as a practice goes hand-in-hand with the concept of honesty. People rely on their governments to act with integrity and in accordance with established laws and standards when it comes to collecting and distributing tax revenue. When these principles......
specific tax
Taxation as a Tool for Societal Inequality
The concept of taxation as a tool for societal inequality has long been a controversial topic. Historically, taxation has been used to redistribute wealth, fund public services, and fund welfare programs. However, in recent years, taxation has been increa......
ad valorem tax
Taxes are often seen as a necessary evil, but they can also be used in a positive manner. In fact, governments around the world have used taxes to improve the lives of their citizens. This article will explore how taxes can be used to stimulate economic growth and development, promote social well-......
stimulus tax spending
Stimulative Tax Expenditure
Over the past few years, various forms of taxation have been employed by governments around the world in an effort to stimulate the economy. One example of this is the use of what are known as ‘stimulative tax expenditures’. These are government-funded tax incentives......
withdraw capital
Tax evasion is the illegal practice of avoiding paying taxes by failing to report taxable income or employing fraudulent strategies to reduce taxable income.
Tax evasion is not the same as tax avoidance, though the two terms are often blurred. Tax avoidance is the legal practice of taking advanta......
personal tax
Taxation of Individuals
Taxation of Individuals typically refers to taxation on individuals who are earning income and resident in a specific country. This type of tax is generally progressive, meaning the more one earns, the higher the rate of tax. Taxes on individuals can include income taxes, ......
land tax
Land tax is an important way of levying taxes on land, which is an important part of the taxation system in modern countries. In general, it is a tax imposed on the ownership of land, regardless of its use. Generally, land tax is levied annually and is paid to the government or other tax collectio......
Deferred tax
Deferred taxes is also referred to as deferred tax liabilities (DTLL) and is a component of taxation. It often results from timing differences between when taxes are paid and when they are accounted for. These differences are usually associated with income and expenses that are required to be reco......
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