Search results for keyword: exemptions
Bouagelbert's Tax Thoughts
Adam Smith (1723-1790) became one of the founding fathers of economics in his book, An Inquiry into the Nature and Causes of the Wealth of Nations, by introducing the concept of free trade and division of labor. One of his key ideas was the idea of taxation and the role it plays in creating a sust......
11/07/2023 
1039 
Sophie
ad valorem property tax
Property Taxation
Property taxation is a method of taxation used to fund local government services, such as roads, sidewalks, schools, and public safety. It is the basis of local government funding and is a primary source of revenue for state and local governments. In the United States, property ......
city property tax
City Real Estate Tax
Real estate taxes are a form of taxation imposed on the value of real estate, usually land and buildings, and are typically determined by local or state governments. This type of tax is one of the most common taxes imposed on individuals and businesses and is used to fund imp......
Urban Land Use Tax
Urban Land Use TaxIntroduction
Urban land use tax is the tax paid by urban citizens and enterprises when they use urban land legally. It is a kind of taxation levied by local government. It is the main income source of local governments finances. The main purpose of this tax is to promote urban co......
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, ......
underestimated tax
Undervaluation of Tax
Tax is a compulsory contribution that governments impose on citizens and organizations towards the expenses of the state. In most countries, particularly democracies, taxation is a central funding source for essential public services such as healthcare, education and infrast......
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......
ship tonnage tax
Ship Tonnage Tax
The ship tonnage tax is a fee levied upon vessels that dock at a particular port or that travel within navigable waters. The taxes are used to fund local projects, such as building new docks, creating environmental protection plans, or improving the navigational channels or infra......
tax sparing
Tax incentives refer to a government providing tax reductions, exemptions, tax breaks, income tax deductions, etc. to certain industries or activities that are of great importance to the country and its citizens. This mechanism serves as a form of economic stimulus by allowing important industries......
Tax Efficiency Principle
Tax efficiency principles
Tax efficiency is an important consideration when it comes to financial planning. The idea behind tax efficiency is to pay the lowest allowable amount of taxes possible. It is achieved by making sound financial decisions and selecting investments that take advantage of a......
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