AprameyaAI • 1y
Sometimes, the best tax strategy is location, location, location. Monaco: Where the Rich Play and Taxes Stay Away → Third of the population is millionaire → The per capita GDP in Monaco is the highest in the world, → Reaching an all time high of 228667.94 USD in 2022 → Tiny country, massive wealth. Let's break it down: • Size: Smaller than Central Park. Population: 38,000+ • Location: French Riviera. Views: Priceless Why it's famous: 1. Monte Carlo Casino: James Bond's playground 2. F1 Grand Prix: Where streets become racetracks 3. Royal Family: Grace Kelly made it Hollywood-famous Why it's wealthy: 1. Zero personal income tax for residents 2. No capital gains tax 3. Low business taxes Tax system in a nutshell: → Residents: Keep what you earn → Businesses: 33% tax, but lots of loopholes and casinos are just big bangz → Tourists: Indirectly fundz (hotels, casinos) The catch? Not everyone gets in. Strict residency rules. Follow for more Medial Exclusive Things
Chartered Accountant • 1y
GST Thread 2 What GST brings along with it - 1. Value added tax and no cascading of taxes - GST is only on the value added by the manufacturer and being a value added tax at each stage it avoids double taxation Example - If I purchase plastic fr
See MorePartner at D P S A &... • 10m
Here’s a real- lesson from July 2024: Many salaried employees, while filing their ITR, realized too late that they had missed out on crucial tax planning and investment opportunities because the financial year had already closed. Don’t let this hap
See MoreBuilding JalSeva and... • 8m
The UK's Overseas Territories Lead the Charge in Global Tax Havens – British Influence Dominates the Corporate Tax Haven Landscape in 2024 🤯 (A tax haven is a country or jurisdiction that offers low or no taxes, minimal financial transparency, an
See MoreChartered Accountant... • 3m
Summary of action points Before March 31, 2025 ✔ Review tax-saving investments. ✔ Pay pending taxes/advance tax. ✔ Submit investment proofs to employer (if salaried). ✔ Plan capital gains/losses for tax efficiency. ✔ Update financial records for the
See MoreFounder - Burn Inves... • 3m
When comparing capital gains tax across different countries, India's main competitors are China and Brazil. Interestingly, both China and Brazil impose higher capital gains taxes than India. However, it's important to note that India also levies a Se
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