Tax shelters are any method of reducing taxable income resulting in a reduction of the payments to tax collecting entities, including state and federal...
10 KB (1,495 words) - 08:04, 14 September 2024
The KPMG tax shelter fraud scandal involved illegal U.S. tax shelters by KPMG that were exposed beginning in 2003. In early 2005, the United States member...
30 KB (3,671 words) - 09:40, 30 May 2024
Captive insurance (redirect from Captive insurance tax shelter)
between 5% and 15%, to provide this service. Premiums paid to captives are tax deductible, provided the terms of the policy (including the premium amount)...
17 KB (1,871 words) - 01:46, 26 August 2024
are within the law. A tax shelter is one type of tax avoidance, and tax havens are jurisdictions that facilitate reduced taxes. Tax avoidance should not...
70 KB (8,687 words) - 11:23, 29 September 2024
insurance tax shelter uses investments in insurance to protect income or assets from tax liabilities. Life insurance proceeds are not taxable in many jurisdictions...
3 KB (387 words) - 16:52, 26 September 2022
Film finance (section German tax shelters)
for raising finance is through German tax shelters. The tax law of Germany allows investors to take an instant tax deduction even on non-German productions...
32 KB (4,234 words) - 20:29, 7 October 2024
Customs (redirect from Customs (tax))
been the assessment and collection of customs duties, which is a tariff or tax on the importation or, at times, exportation of goods. Commercial goods not...
24 KB (2,644 words) - 14:15, 1 September 2024
KPMG (section Tax shelter fraud)
tax shelters. KPMG fired or forced the retirement of over a dozen who were involved. KPMG LLP admitted criminal wrongdoing in creating fraudulent tax...
130 KB (13,210 words) - 13:21, 30 October 2024
types of taxes: corporate tax, individual income tax, and sales tax, including VAT and GST and capital gains tax, but does not list wealth tax or inheritance...
139 KB (5,447 words) - 19:21, 26 October 2024
income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income)...
45 KB (5,181 words) - 08:11, 25 October 2024
In a tax system, the tax rate is the ratio (usually expressed as a percentage) at which a business or person is taxed. The tax rate that is applied to...
20 KB (2,752 words) - 05:06, 2 November 2024
Taxation in Sweden (redirect from Tax in Sweden)
tax. The employer makes monthly preliminary deductions (PAYE) for income tax and also pays the payroll tax to the Swedish Tax Agency. The income tax is...
19 KB (2,085 words) - 16:19, 10 October 2024
A poll tax, also known as head tax or capitation, is a tax levied as a fixed sum on every liable individual (typically every adult), without reference...
47 KB (5,797 words) - 06:16, 17 October 2024
A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases. "Regressive" describes a distribution...
32 KB (3,791 words) - 13:55, 25 October 2024
of taxes Price ceiling Price floor Revolutionary tax Shadow economy Tax competition Tax exporting Tax haven Tax resistance Tax revenue Tax shelter Taxpayer...
110 KB (14,332 words) - 09:33, 2 November 2024
Tax withholding, also known as tax retention, pay-as-you-earn tax or tax deduction at source, is income tax paid to the government by the payer of the...
25 KB (3,434 words) - 21:18, 6 October 2024
A capital gains tax (CGT) is the tax on profits realized on the sale of a non-inventory asset. The most common capital gains are realized from the sale...
105 KB (13,893 words) - 03:26, 18 October 2024
Taxation in Denmark (redirect from Tax in Denmark)
taxes. Ever since the income tax was introduced in Denmark via a fundamental tax reform in 1903, it has been a fundamental pillar in the Danish tax system...
24 KB (2,851 words) - 18:49, 3 November 2024
of tax burden to non-citizens or non-residents). The tourist industry typically campaigns against the taxes. It is separate from value-added tax and...
10 KB (1,028 words) - 00:29, 24 August 2024
Tariff (redirect from Import tax)
A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue...
77 KB (9,192 words) - 02:08, 2 November 2024
An ad valorem tax (Latin for "according to value") is a tax whose amount is based on the value of a transaction or of a property. It is typically imposed...
28 KB (4,337 words) - 22:45, 28 March 2024
taxes levied. These areĀ : Provincial sales taxes or PST (French: Taxes de vente provinciale - TVP), levied by the provinces. Goods and services tax or...
11 KB (795 words) - 09:41, 24 October 2024
An indirect tax (such as a sales tax, per unit tax, value-added tax (VAT), excise tax, consumption tax, or tariff) is a tax that is levied upon goods...
32 KB (4,526 words) - 23:47, 11 October 2024
trusts in these civil law jurisdictions, face obstacles. Tax avoidance Life insurance tax shelter Base erosion and profit shifting "Base erosion and profit...
9 KB (980 words) - 13:57, 28 March 2024
A wealth tax (also called a capital tax or equity tax) is a tax on an entity's holdings of assets or an entity's net worth. This includes the total value...
66 KB (8,254 words) - 13:14, 24 September 2024
airlines, gasoline, utilities, and certain types of income. Tax resistance Tax shelter 26 USC 151, Allowance of deductions for personal exemptions. The...
24 KB (3,093 words) - 07:32, 19 June 2024
John Peter Galanis (section Tax shelter fraud)
cheating the government of millions of dollars in false tax deductions. Galanis was promoting a tax shelter. In the federal case, as announced by then United...
9 KB (963 words) - 17:56, 2 July 2024
A corporate tax, also called corporation tax or company tax, is a type of direct tax levied on the income or capital of corporations and other similar...
51 KB (5,675 words) - 00:28, 25 October 2024
Payroll taxes are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their employees...
36 KB (4,073 words) - 10:52, 14 August 2024
flat tax (short for flat-rate tax) is a tax with a single rate on the taxable amount, after accounting for any deductions or exemptions from the tax base...
65 KB (6,680 words) - 05:28, 4 October 2024