Sentences with word «taxation»

Taxation refers to the money that individuals and businesses are required to pay to the government. It is a way for the government to collect funds so that it can finance public services, such as building infrastructure, providing healthcare and education, and maintaining law and order. Taxes are usually based on income, property, or the sale of goods and services. Full definition
Indeed, one of the main reasons we have a lower rate of taxation on small business income is to allow business owners to pump the savings back into growing their business.
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.
One of them, perhaps the most generous, is an exemption from taxation on the profit from the sale of your principal residence.
Your withdrawal of money from the 401k plan will result in taxation of the withdrawal, and if you do not meet one of the exceptions, a penalty as well.
It has been reported that the agency is in conversation with the biggest international technology companies for finding out an effective method of tracking cryptocurrency trading for taxation purposes in the country.
And thanks to the notorious depletion allowance, the oil and mining sectors likewise operated free of income taxation for many decades.
* a reduction in annual taxable income during high taxation years through annual tax - deductible contributions.
However, the cash value accumulating in a life insurance policy is free from taxation as is the death benefit.
Tax consultants are familiar with taxation laws and other related matter in a particular country, area, etc..
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In this type of taxation system, the tax paid is dependent on income source.
This extends to «interference» in the form of social safety nets (particularly those provided by public funding through taxation), which are core to the liberal platform.
My concern is not so much the double taxation issue, but promoting investment income as somehow tax advantaged.
To avoid taxation on policy distributions in excess the policy's basis, loans can be used to access additional cash values tax free.
Most don't go to church, and they favor same - sex marriage and progressive taxation by substantial margins.
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Also, C - corporations are infamous for its double taxation rules: one tax at the corporate level and the other at the personal level as dividend income.
There are specific rules about taxation in the year of a person's death, for example, a tax refund may be due.
There is a case to be made for a universal corporate taxation rate — removing the incentive for corporations to channel profits through low corporate tax countries.
He has a wide range of research interests in economics most recently focused on industrial organisation, in particular knowledge transfer between firms and universities, and on taxation policy.
All the rhetoric from the last campaign implies that significant revenue gains from corporate taxation increases would be a free lunch in terms of new social spending.
It starts to feel like double taxation at this point.
You are required by law to report family net income for taxation purposes.
The governor and legislature have sought over the past five years to compensate for limits on local property taxation through expansion of state financial aid to schools.
Regardless of its economic merits, it's hard to imagine the Right ever embracing carbon taxation as a conservative, pain - free policy option to address climate change.
He has largely rejected supply - side arguments for lower taxation, saying that all tax cuts must be fully funded.
That means it is now possible to increase taxation in a way that their actual disposable income is reduced back to what it was before the introduction of basic income.
The proceeds upon your death, though, avoid estate taxation and are sheltered from creditors.
There was a repeated emphasis on the notion of fairness, particularly fair taxation.
Failure to understand international taxation laws can result in penalties and unnecessary headaches.
The newer international banks do not face exchange control restrictions, nor are they faced with local taxation.
As reported before, one of the two decree drafts specifically eyed regulation on cryptocurrency taxation in an effort to prevent money laundering and tax avoidance.
The policy pursued by government to manage the economy through its spending and taxation powers.
Does that mean that special rules regarding taxation, or account limits will be harder to adhere to?
Numerous audits, appeals and settlements with taxation authorities and involving public and private corporations.
Everything discussed with regard to bitcoin taxation applies to all cryptocurrencies.
The value of the account in later years can also be accessed free of any income taxation if accessed properly through loans using the account as collateral.
It could greatly simplify business taxation by eliminating the small business tax rate and dividend rules altogether and providing incentives for small business owners to invest in their businesses.
And I'm having trouble finding the rules for dividend and capital gain taxation for all these possibilities.
A lot has been written about the general taxation of real estate investment property.
Conservatives argue heavily against progressive taxation because they claim it removes the incentive of the wealthy to continue investing or providing their valuable services.
The new taxation law will make a whole in your pocket when it comes to premium payment.
A properly structured plan allows employees to defer taxation until the benefits are paid.
Depending on the State, you might not be able to avoid state taxation.
It has a highly developed international business economy and is an offshore financial centre, which results from its low direct taxation on personal or corporate income.
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