Sentences with phrase «taxation on a net basis»
Tax implications Under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA), any foreign investor (other than a qualified foreign pension fund or a foreign entity wholly - owned by a qualified foreign pension fund) investing in a U.S. real property interest (USRPI) is deemed to conduct a U.S. trade or business and the gain or loss would be deemed to be effectively connected with a U.S. trade or business and therefore subject to taxation on a net basis.
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Entitlement to the Canada Child Benefit for the first benefit year, July 2016 to June 2017, is based on family net income for the 2015 taxation year.
We are able to perfectly value a company going back years using GAP accounting principles or following taxation methods to discover what the net is for the company based on what is taxable.