Cam sex with american express xxx - Tax consequences liquidating corporation

Disclaimer: Explanations on the terms are very condensed and may not be complete.

They are not considered to necessarily reflect official position of the OECD in interpreting international tax terms, for example, in the tax treaty context.

The statement will show the business's assets in one column and its liabilities and owner's equity in another column.

BALANCING PAYMENT -- A payment, normally from one or more participants to another, to adjust participants’ proportionate shares of contributions, that increases the value of the contributions of the payer and decreases the value of the contributions of the payee by the amount of the payment, in the context of CCA (Cost Contribution Arrangements). BASE COMPANY -- Company situated in a low-tax or non-tax country (i.e.

ALIEN, TAX TREATMENT OF -- A person who is not a citizen of the country in which he or she lives.

In general, most countries do not distinguish between nationals and aliens for tax purposes; rather tax liability is based on residence and/or domicile.

BANK SECRECY PROVISIONS -- Provisions which require that a bank refuse to disclose information about its customers to third parties, including the tax authorities. tax haven), which is used to shelter income and reduce taxes in the taxpayer's home country.

Base companies carry on certain activities on behalf of related companies in high-tax countries (e.g.

to obtain profit from the application of tax rules).

ARBITRATION -- Term used for the determination of a dispute by the judgment of one or more persons, called arbitrators, who are chosen by the parties and who normally do not belong to a normal court of competent jurisdiction ARM'S LENGTH PRINCIPLE -- The international standard which states that, where conditions between related enterprises are different from those between independent enterprises, profits which have accrued by reason of those conditions may be included in the profits of that enterprise and taxed accordingly ARM'S LENGTH RANGE -- A term used in transfer pricing to describe a range of values that can be defined for purpose of selecting an appropriate arm's length price from comparable transactions.

AMORTIZATION -- Process of writing off the cost of an intangible asset over its useful life.

Tags: , ,