Capital city: Amsterdam Currency: Euro (€) (EUR) Population: 17.1 million Language: Dutch, Frisian & English GDP …
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Certain public and non-profit hospitals, ambulance services, public benevolent institutions (PBIs), religious institutions, and health promotion charities (HPCs) are eligible for an FBT exemption. The benefits it provides its employees are exempt from FBT if the total grossed-up value of certain benefits for each employee during the FBT year is equal to, or less than,…
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Community attitudes towards tax avoidance vary from approval through neutrality to outright hostility. Attitudes may vary depending on the steps taken in the avoidance scheme, or the perceived unfairness of the tax being avoided. Tax avoidance by corporations in the UK came to national attention in 2012, when MPs singled out Google, Amazon.com and Starbucks…
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Capital city: Dublin Currency: Euro (€) & Pound Sterling Population: 6.4 million Language: English, Irish, Ulster Scots Dutch GDP …
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Taxpayers operating a winery receive all the standard business deductions plus the additional primary production related deductions including: Immediate deduction for the cost of fencing and water facilities such as dams, tanks, bores, irrigation channels, pumps, water towers and windmills. Access to the Farm Management Deposit Scheme. Tax averaging. In addition, since 2004 wine makers…
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Tax avoidance has been around as long as taxes. One historic example of tax avoidance still evident today was the payment of window tax. It was introduced in England and Wales in 1696 with the aim of imposing tax on the relative prosperity of individuals as the bigger the house, the more windows it was…
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Capital city: Hamilton Currency: Bermudian dollarc (BMD) Population: 64,237 Language: English GDP: …
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Investment Loss (TNIL) is an individual’s taxable losses from rental and share investments. The TNIL is added back to an individual’s taxable income to calculate the tax related concessions and obligations for: Medicare levy surcharge. 15% additional tax on concessional contributions (Division 293). Child support payments. $1,000 up-front reduction for discounts on employee shares/options. Senior…
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The Minerals Resource Rent Tax (MRRT) was a tax on profits generated from the mining of non-renewable resources in Australia. The tax, levied on 30% of the ‘super profits’ from the mining of iron ore and coal in Australia, was introduced on 1 July 2012. Supporters of the tax pointed to continually-large profits produced by…
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Capital city: Nassau Currency: Bahamian dollar (BSD) Population: 372,000 Language: English GDP …
Read More »"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2