When a taxing body, generally a government, levies or imposes a financial responsibility on its people or residents, this is referred to as taxation. Since ancient times, paying taxes to governments or authorities has been a pillar of civilization.
Taxation differs from other types of payment, such as market traders, in that it does not require agreement and is unrelated to the services provided. The government uses an implied or explicit threat of force to coerce taxes.
As people have started dwelling into the video format, they seek taxation videos for fulfilling their compliance-related strategies rather than long articles.
Taxation videos not only commit to the common tax issues but also update you about the new laws and regulations that come in the form of benefits by the government.
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LawWiser– A video-only knowledge-sharing platform for the legal community offers you insightful taxation videos from experts that belong to renowned firms.
Taxation legal advice has a direct impact on a company’s bottom line. To consider the financial effects of a tax on a company’s earnings and liquidity, one needs to have business acumen and commercial intelligence.
It’s important to remember that the purpose of taxation is different. While the goal of company law is to protect investors, the goal of tax law is to increase income for the government.
The wide range of complexities and complex scenarios that might occur in a tax dispute or the taxes side of a transaction such as an M&A agreement or an investment transaction are not covered in school. You might not have realised that stamp duty is a type of tax as well.
While one may study about the minimal alternative tax in law school, one may not be aware of its commercial consequences, such as its influence on a company’s or an individual’s bottom line, the impact of non-cash transactions on the company’s liquidity, or depreciation.
LawWiser helps you navigate through such regulatory changes much easily with the help of short and to the point videos.
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