Reading Time: 7 minutes As a tax expert, it was interesting for me to observe the recent tax agreement between the United States and China. The agreement, signed on November 30, 2021, is an important milestone for businesses and individuals operating in both countries. Essentially, the agreement aims to reduce the risk of double taxation for individuals and businesses […]
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Reading Time: 8 minutes As a tax expert, I have come across various taxation systems around the world. But it was China’s tax systems, with their long history, that caught my attention. Among the many systems, the Mongol system of tax-farming in China is one of the most interesting and unique systems ever used. The Mongol Empire under Genghis
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Reading Time: 6 minutes The Chinese tax system is complex but comprehensive. China’s tax system is necessary to support the country’s economy, finance social programs and promote government initiatives. In this article, I will provide an overview of the Chinese tax system, including China’s main taxes and tax rates. Overview of the Chinese Tax System The Chinese tax system
Reading Time: 8 minutes Is the UAE an attractive country for foreign business? The United Arab Emirates (UAE) is a rapidly growing country and an attractive place for foreign business. With modern infrastructure, favorable tax laws and a strong economy, the UAE provides a range of benefits for businesses looking to expand their operations or create new ventures. Therefore,
Reading Time: 7 minutes What is the essence of the Swiss financial system? The Swiss financial system is one of the most stable and reliable in the world. It is known for low public debt levels, a strong banking sector, and well-regulated capital markets. The country has a long history of financial stability, supported by prudent fiscal policy and
Reading Time: 8 minutes Remote workers in the USA Taxation of remote work in the US can be a confusing and intimidating topic. Due to constantly changing tax laws, it can be difficult to keep up with the latest changes and know what you need to do to stay compliant. Luckily, there are a few basic principles that all
Reading Time: 7 minutes The US economy is one of the largest and most powerful in the world. It is the main driver of global economic growth and has contributed greatly to world economic development over the past century. The US economy is made up of many different sectors, including manufacturing, services, finance, and agriculture. The dynamics of the
Reading Time: 7 minutes The features of the UK tax system is its complexity. This system has many different taxes, high tax rates, many different tax benefits, and benefits. And in order to understand this, you need time and knowledge of the law. The main thing to start with is determining the status of a tax resident. It is
Reading Time: 7 minutes England is one of the most conservative countries in the world today. This manifests itself in everything from the ruling royal family to the legislative system. This conservatism also influenced the formation of the tax system in England. However, there are stories about unusual taxes in England. At the beginning of the formation of statehood,
Reading Time: 5 minutes Germany has a well-developed social security system. This is possible, in particular, due to the complex system of taxation. I must say that taxes in Germany are among the highest in Europe. In addition to income tax and various social security contributions, there are also unusual taxes paid in Germany. We offer a list of
Reading Time: 8 minutes Great Britain is a wonderful country not only for tourists and travelers, but also for investors. They consider Britain to be a country of loyal taxation, as there is a differentiated approach, benefits, and the government promptly regulates tax policy in times of crisis. Before moving to the United Kingdom, you need to learn all
Reading Time: 7 minutes What is a lump sum tax? The lump-sum tax in Switzerland (sometimes also called the “chord tax” or “expenditure tax”) has every chance to use the most foreign residents who were previously not taxed in Switzerland but would have been normal taxes for the last 10 years, that is: Perspectives on lump-sum taxation The lump-sum
Reading Time: 6 minutes The features of Swiss taxes for individuals Switzerland does not have a single rate of personal income tax or property tax. The Swiss constitution requires that the tax be levied according to the “economic capacity” of the taxpayer. Therefore, there is a progressive scale: the more income and property, the greater the tax burden. It
Reading Time: 6 minutes Taxes in Switzerland are one of the factors explaining the attractiveness of this republic for doing any business. However, income tax and corporate income tax rates can vary significantly between cantons and Gemeinde. Therefore, before starting activities in Switzerland, you need to know all the features of the Swiss tax system. Historical tax summaries Until
Reading Time: 5 minutes In the United States, all taxes are collected by the Internal Revenue Service (IRS). On the IRS website, every US citizen can independently fill out a declaration or use the services of a tax consultant. The cost of his services can vary from $70 to $300. Most Americans resort to the help of tax agencies
Reading Time: 5 minutes Directly pay of business taxes in Canada on all world income, and non-residents – from Canadian sources. There are also VAT, real estate tax and social contributions. In general, it is beneficial for entrepreneurs to open a business here, since the corporate tax is less than the individual one. In addition, for businesses under Canadian
Reading Time: 4 minutes Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general. In terms of law, real is in relation to
Reading Time: 4 minutes A tax is a legally established mandatory, individually executed monetary payment, which is periodically collected from legal entities and individuals to finance the activities of the state. It is collected and paid only in cash. This means that it is impossible to pay tax in goods, products and other tangible and intangible equivalents. All taxes
Reading Time: 4 minutes Taxpayers in Canada Taxpayers in Canada are residents, as well as other individuals who work and have income there. The important thing is that the status of a tax resident can be determined individually. The stay of a person in a country for 183 days makes the person a resident of that country for that
Reading Time: 5 minutes Every resident of the United States who has a job or any other income is required to file a USA tax returns every year, in the spring. You can file a tax return from January 1, but for filing you need extracts from various banks, insurance companies, a form on the amount earned for the
Reading Time: 5 minutes The structure of the tax service The French tax authorities is part of the Ministry of Economy, Finance and Budget, headed by the Minister Delegate for Budget. The administration of taxes is carried out by the General Directorate of Taxation and the General Directorate of Duties and Other Receipts. Structurally, the Main Tax Administration consists
Reading Time: 7 minutes The legislative framework for taxation in Germany is the basic and comprehensive law, which defines not only the general conditions and procedural principles of taxation (calculation procedure, relationships and powers to collect them), but also the types of taxes, as well as the distribution of tax revenues between the federation, the states and communities. Value
Reading Time: 5 minutes The United States of America is a country located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. It is the third largest country in terms of both area and total area. The United States has land borders with Canada to
Reading Time: 7 minutes In Germany, every citizen of society pays taxes. Since residents are aware that this is the most important source of income for the state, thanks to which it performs its functions for citizens. The budget needs and much more are paid from the state treasury. Without tax revenues, the state would not be able to
Reading Time: 5 minutes The French tax system is a kind of set of taxes and fees. It has been formed for many decades, reflecting the historical and cultural features of the country. At present, the system is stable in terms of the list of taxes and fees levied and the rules for their application. The rates are reviewed
