Tax Principles

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August 31, 2024 4 min read Definitions

Arising Basis: Taxation on Worldwide Income

Economics Finance Government Regulations Taxation Income Tax Principles Worldwide Income Global Taxation

The arising basis of taxation refers to the tax principle where all income is subject to taxation regardless of where it is received or earned.

August 31, 2024 4 min read Definitions

Qualifying Loss: Understanding Trading Losses in Accounting Periods

Finance Accounting Taxation Qualifying Loss Trading Loss Corporation Tax Accounting Period Tax Principles

A comprehensive guide to qualifying losses, their historical context, types, key events, explanations, formulas, importance, applicability, and related terms in accounting and taxation.