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Inheritance Taxes
International tax law distinguishes between an estate tax and an inheritance tax. An inheritance tax is a tax paid by a person who inherits money or property of a person who has died, whereas an estate tax is a levy on the estate (money and property) of a person who has died. However, this distinction is not always observed; for example, the UK's "inheritance tax" is a tax on the assets of the deceased, and strictly speaking is therefore an estate tax. Inheritance taxes vary widely between countries. History There was a steep increase in the number of countries that implemented inheritance taxes throughout the 19th and early 20th century. From 1960 onwards, inheritance taxes declined in prevalence as numerous countries repealed theirs. For historical reasons, the term "death duty" is still used colloquially (though not legally) in the UK and some Commonwealth countries. The estate tax in the United States is sometimes referred as "death tax". Other taxation applied to inheritanc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Tax
International taxation is the study or determination of tax on a person or business subject to the tax laws of different countries, or the international aspects of an individual country's tax laws as the case may be. Governments usually limit the scope of their income taxation in some manner Territory (administrative division), territorially or provide for offsets to taxation relating to Extraterritorial jurisdiction, extraterritorial income. The manner of limitation generally takes the form of a territorial, residence-based, or exclusionary system. Some governments have attempted to mitigate the differing limitations of each of these three broad systems by enacting a hybrid system with characteristics of two or more. Many governments tax individuals and/or enterprises on income. Such systems of taxation vary widely, and there are no broad general rules. These variations create the potential for double taxation (where the same income is taxed by different countries) and no taxati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natural Person
In jurisprudence, a natural person (also physical person in some Commonwealth countries, or natural entity) is a person (in legal meaning, i.e., one who has its own legal personality) that is an individual human being, distinguished from the broader category of a legal person, which may be a private (i.e., business entity or non-governmental organization) or public (i.e., government) organization. Historically, a human being was not necessarily considered a natural person in some jurisdictions where slavery existed (subject of a property right) rather than a person. Definitions According to Maria Helena Diniz, an individual or natural person "is the human being considered as a subject of rights and obligations". Every human being is endowed with legal personality and, therefore, is a subject of law. According to Sílvio de Salvo Venosa, "legal personality is a projection of the intimate, psychic personality of each person; it is a social projection of the psychic personalit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Estate Duty Ordinance Cap
Estate or The Estate may refer to: Law * Estate (law), a term in common law for a person's property, entitlements and obligations * Estates of the realm, a broad social category in the histories of certain countries. ** The Estates, representative bodies of the estates of the realm *** Estates General, a supra-regional gathering of representatives of the estates of the realm * Estate in land * Estate (land), the grounds and tenancies (such as farms, housing, woodland, parkland) associated with a very large property ** Fortified estate, a housing estate surrounded by a wall with gate entrance/checkpoint. ** Housing estate, a group of houses built as a single development. ** Industrial estate ( office park) and trading estate; property planned and sub-let for industrial and commercial use. ** Real estate or real property ***Estate agent or real estate agent * Literary estate, the intellectual property of a deceased author, or the executor thereof Automobiles and technology * Est ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inheritance Tax In The United Kingdom
In the United Kingdom, inheritance tax is a transfer tax. It was introduced with effect from 18 March 1986, replacing capital transfer tax. The UK has the fourth highest inheritance tax rate in the world, according to conservative think tank, the Tax Foundation, though only a very small proportion of the population pays it. 3.7% of deaths recorded in the UK in the 2020-21 tax year resulted in inheritance tax liabilities. History Prior to the introduction of estate duty by the Finance Act 1894, there was a complex system of different taxes relating to the inheritance of property, that applied to either realty (land) or personalty (other personal property): # From 1694, probate duty, introduced as a stamp duty on wills entered in probate in 1694, applying to personalty. # From 1780, legacy duty, an inheritance duty paid by the receiver of personalty, graduated according to consanguinity # From 1853, succession duty, a duty introduced by the Succession Duty Act 1853 ( 16 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baht
The baht (; , ; currency sign, sign: ฿; ISO 4217, code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). Prior to decimalisation, the baht was divided into eight ''fueang'' (, ), each of eight ''at'' (, ). The issuance of currency is the responsibility of the Bank of Thailand. Society for Worldwide Interbank Financial Telecommunication, SWIFT ranked the Thai baht as the 10th-most-frequently used world payment currency as of December 2023. History ImageSize = width:1500 height:auto barincrement:15 PlotArea = top:10 bottom:30 right:130 left:20 AlignBars = justify DateFormat = yyyy Period = from:1250 till:2050 TimeAxis = orientation:horizontal ScaleMajor = unit:year increment:50 start:1250 ScaleMinor = unit:year increment:10 start:1250 Colors = id:canvas value:rgb(1,1,1) id:r value:rgb(0.5,0,0) id:p value:rgb(1,0.1,0.6) id:o value:rgb(1,0.3,0) id:y value:rgb(0.9,0.7,0.1) id:g value:rgb(0,0.4,0) id:m value:rgb(0,0.8,0) id:b value:r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canton (country Subdivision)
A canton is a type of administrative division of a country. In general, cantons are relatively small in terms of area and population when compared with other administrative divisions such as county, counties, Department (administrative division), departments, or provinces. Internationally, the most politically important cantons are the Cantons of Switzerland, Swiss cantons. As the constituents of the Swiss Confederation, theoretically and historically, they are semi-sovereign states. The term is derived from the French language, French word ''wikt:canton#French, canton'', meaning "corner" or "district" (from which "cantonment" is also derived). In specific countries Cantons exist or previously existed in the following countries: *Cantons of Belgium *Bohol#U.S. intervention and occupation, Cantonal Government of Bohol *Cantons of Bolivia *Cantons of the Federation of Bosnia and Herzegovina, Cantons of Bosnia and Herzegovina: federal units of the Federation of Bosnia and Herzegovi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Samsung Group
Samsung Group (; stylised as SΛMSUNG) is a South Korean multinational manufacturing conglomerate headquartered in the Samsung Town office complex in Seoul. The group consists of numerous affiliated businesses, most of which operate under the Samsung brand, and is the largest (business conglomerate) in South Korea. Samsung has the world's fifth-highest brand value. Founded in 1938 by Lee Byung-chul as a trading company, Samsung diversified into various sectors, including food processing, textiles, insurance, securities, and retail, over the next three decades. In the late 1960s, Samsung entered the electronics industry, followed by the construction and shipbuilding sectors in the mid-1970s—areas that would fuel its future growth. After Lee died in 1987, Samsung was divided into five business groups: Samsung Group, Shinsegae Group, CJ Group, Hansol Group, and JoongAng Group. Key affiliates of Samsung include Samsung Electronics, the world's largest information t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lee Kun-hee
Lee Kun-hee (; 9 January 194225 October 2020) was a South Korean businessman who served as the chairman of Samsung from 1987 to 2008 and from 2010 to his death in 2020. He is also credited with the transformation of Samsung to one of the world's largest business entities that engages in semiconductors, smartphones, electronics, shipbuilding, construction, and other businesses. Since Lee became the chairman of Samsung, the company became the world's largest manufacturer of smartphones, memory chips, and appliances. He was the third son of Samsung founder Lee Byung-chul. With an estimated net worth of US$21 billion at the time of his death, he was the richest person in South Korea, a position that he had held since 2007. He was convicted twice, once in 1996 and subsequently in 2008, for corruption and tax evasion charges, but was pardoned on both instances. In 2014, Lee was named the world's 35th most powerful person and the most powerful Korean by ''Forbes'''s list of the world ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finnish Tax Administration
The Finnish Tax Administration (, ) is the revenue service of Finland. It is a government agency steered by the Ministry of Finance. The Finnish Tax Administration had 4,983 employees in 2016. It collects around two-thirds of the taxes in the country, with the rest being collected by the Finnish Customs and the Finnish Transport and Communications Agency Traficom. It collects around 55 billion euros The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the ... and operates with a 408 million euro budget. See also * Taxation in Finland References External links * {{Authority control Revenue services Government agencies of Finland ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Danish Ministry Of Taxation
The Danish Ministry of Taxation () is a Ministry, headed by the Danish Tax Minister. The responsibilities of the ministry includes supporting the Tax Minister, and collecting taxes and tolls in Denmark. It was created in 1975 as a separation from the Ministry of Finance. Organisation The Ministry of Taxation is structured as such: * Ministry ** ** ** Tax administration *** *** *** Danish Tax Agency *** *** *** *** References External linksOfficial website Taxation A tax is a mandatory financial charge or levy imposed on an individual or legal person, legal entity by a governmental organization to support government spending and public expenditures collectively or to Pigouvian tax, regulate and reduce nega ... Revenue services {{Denmark-poli-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stamp Duty
Stamp duty is a tax that is levied on single property purchases or documents (including, historically, the majority of legal documents such as cheques, receipts, military commissions, marriage licences and land transactions). Historically, a physical revenue stamp had to be attached to or impressed upon the document to show that stamp duty had been paid before the document was legally effective. More modern versions of the tax no longer require an actual stamp. The duty is thought to have originated in Venice in 1604, being introduced (or re-invented) in Spain in the 1610s, the Spanish Netherlands in the 1620s, France in 1651, and England in 1694. German economist Silvio Gesell proposed in 1891 that demurrage currency could be enabled by stamp duties, which would in turn stimulate economic growth. Gesell referred to this monetary policy as Freigeld. Usage by country Australia The Australian Federal Government does not levy stamp duty. However, stamp duties are levied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
