Sentences with phrase «double taxation»

Traditional C - corporation status provides the protection of limited liability for shareholders, but at a cost of double taxation of earnings — at both the corporate and shareholder levels.

The reason for these credits initially was to avoid double taxation on earnings that corporations already paid tax on.

Just one month back the Australian government delighted cryptocurrency enthusiasts with the decision of removal of double taxation on cryptocurrency induced activities by introduction of a bill.

Unfortunately, this may result in double taxation of rental income and capital gains in the foreign jurisdiction.

This can be done within the existing framework, which include safeguards to prevent double taxation of the same profits, and dispute resolution mechanisms, it argues.

They have other arguments on their side — vouchers would be fair because they would end double taxation, and vouchers would be American because they would respect individual autonomy.

Residents of the area consider the arrangement double taxation because the village has its own parks and recreation department, which includes a water park and extensive athletic and fitness facilities.

It starts to feel like double taxation at this point.

Taxes: If your company is a C corporation, you run the risk of facing double taxation on appreciated stock held upon the liquidation of your company.

They're actually coming up with the first double taxation in history and it's aimed at Democratic states.

Their demand was based not on arguments about double taxation or the free exercise of religion.

Double taxation occurs when a company is taxed once on profits, and again on the dividends paid to shareholders.

For advocates of the deduction, eliminating it would therefore constitute double taxation.

To avoid this type of nonsense, most countries have established double taxation agreements between themselves.

And other nations charge double taxation on corporate income and dividends as well.

The purpose for it's creation was to halt double taxation of the one income source.

It is still unknown whether double taxation applies and, as a result, if users are subject to both income tax and capital gains tax.

The reason for these credits initially was to avoid double taxation on earnings that corporations already paid tax on.

Tax treaties normally prevent double taxation on income and allow you to use tax - credits to offset taxation in the receiving country.

In this entity, profits are taxed separately from the owners of the business resulting in double taxation.

«This from a party that said they want to cut your tax, it's the first double taxation that we can come up with,» he said.

This allows S corporations to avoid double taxation on the corporate income.

But unlike some corporation structures it doesn't come with the burden of double taxation.

MSCI - Net total return indices reinvest dividends after the deduction of withholding taxes, using (for international indices) a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.

DiNapoli said getting rid of the provision, which has been in existence as long as the nation has had a federal income tax, would result in double taxation for New Yorkers.

As a result of this failure, the Finance Department released a set of proposed tax changes: that were unnecessarily complex; deficient in addressing certain double taxation issues; not well thought through in addressing intergenerational transfers of family businesses; and that were not understanding of the application of the alternative minimum tax to minors in order to access the lifetime capital gains exemptions through the proposed election procedure in 2018.

Net total return indexes reinvest dividends after the deduction of withholding taxes, using (for international indexes) a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.

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

The government promises to regulate cryptocurrency «in a graduated way» and to address the problem of double taxation by exempting bitcoin from GST.

Because Apple paid tax on its profits, and then you paid tax on the dividends, some refer to this as double taxation of dividends.

Despite contrary arguments by several Member States, the Court had found that this constituted an obstacle to the free movement of capital, which even the conclusion of double taxation conventions with most EU and EEA Member States could not remove, as the effective tax rate remained higher than that for resident pension funds under all but three of those conventions (para 33 - 34).

By removing double taxation on digital currency, the Australian government is positioning the nation to be a global leader in FinTech for years to come.

Countries with which Canada has tax treaties, generally provide for the avoidance of double taxation if you have taxing obligations in your new country of residence on the same income sources.

President Muhammadu Buhari on Monday signed instruments of ratification of agreement with Singapore against double taxation and an MoU with Switzerland and the international development association...

Cuomo says it would be the first instance of double taxation since the federal income tax began over 100 years ago.

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.

Rather than its results, most investors focused on KKR's decision to pull the trigger on a long - considered move to convert from partnership to corporation status, trading double taxation for greater simplicity and willingness among investors to put their money into the private equity company's shares.

But after a double Trump victory, interest rates of rocketed higher and I am finally building up municipal bond portfolio to earn double taxation free income.

Such double taxation does not apply if they buy U.S. stocks or bonds.

Gov. Cuomo, a regular critic of proposals to eliminate the SALT deduction, said on Wednesday the state would challenge the elimination of the deduction as unconstitutional double taxation.

Earlier this year, the Japanese government fully eliminated double taxation on bitcoin and legalized bitcoin as a payment method.

So it's not double taxation.

Typically under double taxation treaties you would see something where if you pay tax in one country, it's subtracted from the tax you have to pay in the other.

Thus double taxation is involved.

«So removing that deduction will amount to effectively double taxation.