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tax (from the Latin taxo) is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its ...
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tax shelter is a vehicle used by
taxpayers to minimize or decrease
their taxable incomes and, therefore,
tax liabilities.
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Tax Insights. Gain insights on
tax matters from thought leaders around the world. Find additional content, multimedia features,
tax publications from EY and international
tax news. Disclaimer: Explanations on the terms are very condensed and may not be complete. They are not considered to necessarily reflect official position of the
OECD in interpreting international
tax terms, for example, in the
tax treaty context. ABUSE OF LAW --The doctrine which allows the
tax ...
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use, gross receipts, franchise, payroll and other taxes
The Mystery Of The MonkeyS Maze (From The Casebook Of Seymour Sleuth) What Do They Pay? Towards a Public Database to Account for the Economic Activities and
Tax Contributions of Multinational Corporations.
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tax systems within each jurisdiction may define taxable income separately. The
Financial Secrecy Index ranks jurisdictions according to
their secrecy and the scale of
their offshore financial activities. A politically neutral ranking, it is a tool for understanding global financial secrecy,
tax havens or secrecy jurisdictions, and illicit financial flows or capital flight.
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tax rate paid by businesses large and small to 15 percent. The number of individual income
tax brackets would shrink from seven to three — 10, 25 and 35 ...
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