Sentences with phrase «such double taxation»

Not exact matches

Aside from the general benefit to corporations from reduced taxes on earnings and gains, the Act diminishes the impact of double taxation on such earnings and gains to shareholders.

While some argue state and local taxes should be deductible to prevent double taxation, in reality no such phenomenon is occurring.

Despite legislation preventing double taxation in this respect, such rules can be administratively highly complex5.

«Withholding taxes and taxes on revenue such as equalisation levies are blunt instruments that are likely to give rise to double taxation and may risk stifling innovation as taxes may become payable before profits are made.»

General News of Tuesday, 15 May 2018 Source: kasapafmonline.com The opposition is not thrilled about the taxation agreement Ghana and certain countries The Minority National Democratic Congress (NDC) Members of Parliament (MPs) have raised red flags over Double Taxation Agreements (DTAs) that were laid in Parliament on Tuesday, May 15, 2018, claiming that such deals will not inure to the benefit of the country.

In such instances, the RSA holder is required to apply to the relevant tax authority for a refund of any excess / double taxation or for the issuance of tax credit to be set off against future taxes.

As such, you are essentially having to pay tax on this 2 times cause not only did you pay income tax on employee portion of the FICA taxes, but you also end up paying taxes on 85 % of the FICA benefits, hence double taxation essentially.

Another issue is any tax implications that arise in your host country from having an IRA account (with double taxation treaties and such).

A C - Corp provides more flexibility in tax structure, but you'll have additional tax implications, such as double taxation.

With all agreements at the OCDE level, it will be possible to eventually harmonise tax regulations from a global perspective to solve the needs and concerns of international tax and cross border tax, which will bring positive results, benefiting taxpayers fairly, such as avoiding double taxation, being able to access greater knowledge, exchange of experiences among tax administrations with the consequent achievement of strengthening the actors that implement and execute the application of substantive rules on tax matters; to acquire and strengthen an application of the norm in a standardised, equitable, compatible and fair manner.

Our rich experience coupled with the expertise of our personnel allow us to advise on various taxation issues such as the application of our wide range of double taxation avoidance agreements.

There is also the potential for double taxation of state, county or local taxing authorities such as transfer taxes, property taxes due to incorrect or premature reassessment when either the relinquished or the replacement property is conveyed to the Exchange Accommodation Titleholder and then transferred to the buyer («Exchange First») or to the Investor («Exchange Last»).