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Taxation in Scotland: What you need to know

With the economy in shambles and the cost of living rising, Scottish Labour is looking at ways to address the problem of tax evasion and avoidance.Labour's tax reforms, announced in November, will: give Scottish businesses greater flexibility to pay tax; create an independent statutory tax authority to provide a legal framework for paying tax; introduce a new 'tax system in

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How to calculate your tax bill?

Tax assessment is a key part of the UK's tax system and it's a very complex process.In this article we will show you how to calculate the tax you'll owe on a bill you receive from HM Revenue and Customs (HMRC).Read more about assessment.What is the assessment process?Tax assessment refers to the tax which is due on the value of

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How to pay for a house

When it comes to buying a house in Australia, you have to pay a property tax and there's no exemption for non-residential properties.In this article, we'll show you how to find the right property tax rates for your home in New South Wales, Victoria and South Australia.We'll also explore how the property tax rate works in Australia.Read more: Taxing homes

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How does annuity planning work?

Taxes and estate planning are two of the most complex tax laws in the country.Taxpayers can choose to have the tax paid directly to the estate and be paid as a lump sum or a credit against their income tax liability.Tax law allows the same tax to be withheld when you die, but some states require that income be withheld

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How to write a tax return in Canada

If you're in the market for a new car or home, you may want to consider getting a tax advisor to help you prepare your return.That's because, according to a new report, a growing number of Canadians are paying more and more into their governments tax coffers through the tax haven of "uncompensated sales" — where they're not required to

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Which country pays its taxes?

The United States pays its citizens' income tax at a rate of 35% while paying out a little less than 10% in other countries.Australia pays its tax at 10%, Canada 10% and Germany 10%.The European Union and Japan each pay about 10%, according to the Organization for Economic Cooperation and Development.Australia is the only country to offer a personal tax

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How to file your income tax return

What's your tax liability?The IRS does not track the tax payments you make to the IRS and you might not know how much of your paycheck you owe the federal government.However, you might be able to estimate your taxes for your state and local governments.You can do this using a variety of sources.Tax authorities are not obligated to provide you

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Taxation Manager salary in UK rises to £70,000

In 2016, the Government paid a tax manager's salary of £70.4m.This is the equivalent of £7.6m today.This year, that figure is set to rise to £75.2m.That is up from £65.2 million in 2016.Tax managers were paid £72.7m in 2016, which is an increase of 11.2%.The pay rises are part of a government spending review.In 2017, the Treasury announced that it

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