Taxation is a source of money for the state budget. Makes it possible to finance education, police, fire department, offices, etc.
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None. If anything, it is disadvantgeous
There are no advantages of tax evasion because it is illegal to do. It may seem like an advantage at the time because it is the refusal to pay taxes. However, a person can face jail time and severe fines if and when they are caught.
If you get married you can file your taxes separately. You may lose or gain some tax advantages.
An advantage of the inheritance tax is that it raises money for the government. A disadvantage is that people that inherit property may not have the means to pay the taxes on the items.
The tax advantages for investing in annuities is most have. On your tax return you will recieve credit for having it.
The tax advantages regarding interest rates is that there are tax deductions for the interests payable. This would translate to repayment of lower interest rates.
There are many advantages that are associated with a proportional tax. This tax is neutral and doesn't change with income. In addition, it is easy to calculate the amount that is owed each year.
what are the advantage of incraesing the income tax in uk? or why they increas it?
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tax breaks
There are a number of potential advantages of having an ESOP stock. There are tax benefits in that stocks are tax deductible and employees pay no tax on contributions they make to the fund.
There might be tax advantages. Check out with your accountant or financial consultant.
Tax breaks!
There is no income tax. :)
Municipal bonds provide a great investment tool with some tax advantages. This is also a very safe investment with very low risk.