Sentences with phrase «avoiding taxation in»

«However, we firmly believe that many highly profitable companies have been avoiding taxation in New York State for far too long and it must end.»

Certain other types of debt, including qualified farm indebtedness and qualified real property business indebtedness, can also avoid taxation in the event of cancellation.

and in some cases they can be disallowed as a disguise to avoid taxation in the current year; however, that does not happen very often.

Not exact matches

In the case of the small business, most if not all of the company's profits are used to pay salaries and fringe benefits, which are deductible, and double taxation may be avoided because no money is left over for distributing dividends.

In 1966 the 6 - volume report declared that fairness should be the foremost objective of the taxation system; the existing system was not only too complicated and inefficient, but under it the poor paid more than their fair share while the wealthy avoided taxes through various loopholes.

However there is an interesting specialty with regard to dividends in Australia: They want to avoid double taxation of corporate profits and therefore every Australian holder of Australian stocks receives so called «Franking credits» when an Australian company pays dividends.

The 11.5 million documents indicated that these high net worth individuals had been establishing shell companies in Panama to avoid taxation.

In fact, an Internal Revenue Service (IRS) loophole known as the «like - kind exchange,» which had allowed crypto investors to sell one virtual currency and put that money to work in other digital tokens (a like - kind exchange) allowed investors to completely avoid taxation as a result of technicalitIn fact, an Internal Revenue Service (IRS) loophole known as the «like - kind exchange,» which had allowed crypto investors to sell one virtual currency and put that money to work in other digital tokens (a like - kind exchange) allowed investors to completely avoid taxation as a result of technicalitin other digital tokens (a like - kind exchange) allowed investors to completely avoid taxation as a result of technicality.

The 1986 Tax Reform Act aims to reduce these privileges, but landowners» past ingenuity in avoiding taxation warrants continued vigilance over tax structures.

Some companies leave their foreign revenues overseas in order to avoid that taxation.

This is the solution used for pass through taxation entities, where deferral of taxation is avoided by the pass through mechanism that immediately taxes shareholders whether or not profits are distributed, but it becomes complex when the entity incurs taxes in many states that must be passed on to all of the owners to report proportionately on their individual tax returns.

IMANI Ghana in the statement signed by its founder and president, Franklin Cudjoe further admonished the next government to transform the pensions sector, determine an optimal level of taxation, avoid wasteful projects and review the single spine salary structure.

Critics maintain the Delaney measure would have amounted to a huge giveaway of tax revenue to companies in the midst of wide public concern over the use of so - called inversion deals to avoid taxation by relocating corporations overseas.

Private equity funds might float stubs of their holdings on the public equity markets in order to avoid taxation.

But, felt to avoid the taxation of the same as LTCG, am considering the option of investing in Balanced Funds.

Our government got wind of how people were avoiding taxation by investing large sums in small insurance policies.

Another aspect of avoiding confusion is that a 1035 exchange can be used for both qualified and non-qualified annuities and simply means that the account can be moved to a similar product without taxation in the same way as used for other life insurance products.

Can one conclude that it is best to purchase lottery tickets in the state in which you live, to avoid double taxation?

Unfortunately life insurance can be a complicated product, and it's important to avoid some mistakes that can result in unnecessary taxation or disputes.

In contrast, even though equities have substantially higher yields, a substantial proportion of these returns can be deferred, which avoids near term taxation.

«While legislators had valid reasons for promulgating the PFIC regulations, namely to discourage US citizens from deferring or avoiding US taxation by investing in non-US corporations, the PFIC rules are over-inclusive In practice, the PFIC regime captures assets that do not facilitate the legislative intent of preventing tax evasion and tax deferrain non-US corporations, the PFIC rules are over-inclusive In practice, the PFIC regime captures assets that do not facilitate the legislative intent of preventing tax evasion and tax deferraIn practice, the PFIC regime captures assets that do not facilitate the legislative intent of preventing tax evasion and tax deferral.

In order to avoid double taxation, some companies (for example, Berkshire Hathaway) choose not to pay a dividend.

Just say your a couple and want to retire in 10 years, so you together have 100,000 of TFSA room, you transfer in kind from the non-registered funds of the SM — then withdraw funds from the TFSA to avoid taxation and create room again to do it again the next year?

A company involved in only one profitable line of business would typically prefer selling out to liquidating because possible double taxation (taxes both at the corporate and shareholder level) would be avoided.

This comment is also theoretical — so what if we will we be able to do a transfer in kind of non-registered funds into a TFSA closer to retirement in order to avoid taxation and wash non-registered funds like those of the Smith Manouvre or other non-registered investments — so if we have 100,000 of TFSA room we transfer in kind from the non-registered funds — then withdraw funds from the TFSA to avoid taxation and create room again to do it again the next year?

Since Croatia is not in agreement with US to avoid double taxation, what is our best option?

The Roth IRA is a special type of retirement account that makes it possible to avoid taxation on investment returns because you invest with money that you have already paid taxes on in the present.

REITs are required to distribute 90 % of their taxable income to shareholders in order to avoid corporate - level taxation.

In avoiding the double taxation, any dividend ADR investor should claim a foreign - tax credit on their federal tax return.

It's the science that suffers, but the people may avoid catastrophic anthropogenic climate change in the political, redistributive (e.g. taxation, inflated costs), and regulatory systems.

By avoiding the use of absolute temperatures, the establishment can thus produce the desired agenda narrative, in a context vacuum, that our world is «rapidly warming» in order to persuade the public of favored energy / taxation policies.

So convincing the tax man that huge reserves are required in order to avoid taxation is a major undertaking for insurnance companies.

In other words, this allows an LLC's owners to avoid the double taxation issue because the LLC's profits pass directly to the owners» tax returns.

In addition, LLCs avoid the kind of double taxation that C - Corps face.

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.

It is reported that in order to avoid double taxation, it distributed all of its earnings at years end.

Since no benefit is paid out in a second to die policy until both insureds are deceased, their heirs can avoid the taxation they'd otherwise face.

This helps to prevent someone buying a very small whole life policy and dumping in large sums of money to avoid proper taxation.

Unfortunately life insurance can be a complicated product, and it's important to avoid some mistakes that can result in unnecessary taxation or disputes.

To avoid taxation on policy distributions in excess the policy's basis, loans can be used to access additional cash values tax free.

The taxation on the death benefits of a life insurance policy can be avoided in the below mentioned ways:

Generally speaking the policy must be owned by someone other than the insured for at least three years prior to death in order to avoid taxation as part of the estate.

As a result, if a permanent insurance policy is held until death, the taxation of any gains are ultimately avoided altogether; they're not taxable under IRC Section 7702 (g) during life, and neither the cash value growth nor the additional increase in the value of the policy due to death itself are taxable at death under IRC Section 101 (a).

Our government got wind of how people were avoiding taxation by investing large sums in small insurance policies.

Proper planning such as placing ownership in a trust can avoid these taxation issues.

However, that ownership transfer must have been in effect at least three years before your death to avoid taxation.

You can then make investments which can prove to be tax shelters with the money you receive in order to avoid further taxation on that income.

Trust funds avoid taxation of the policy as it is paid out to your estate as well, allowing your child to receive more of the money, and in a method that gives them the most benefit.

I have received wide appreciations from many of the clients for my knowledge in the taxation regulations which has helped them in avoiding many legal problems.

If you are a single proprietor or have partners in an LLC, you get the benefit of pass - through taxation, which avoids the double taxation you would be subject to if you had another type of corporation, like a C corporation.