How did more modern forms of taxation function in European countries, specifically England? As in, how would a person's wealth or income tax be assessed and collected? And how would indirect taxes on exports or imports be charged? What was the beaurocratic setup to achieve these tasks?
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๐Ÿ“…︎ May 14 2021
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There is no tax increase in @cafreeland budget to pay for her gargantuan spending. So how will it be funded? With printed money from the @bankofcanada. The Bank steals your purchasing power through inflation and gives it to the government. Itโ€™s an insidious indirect tax. twitter.com/MaximeBernierโ€ฆ
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๐Ÿ‘ค︎ u/VVindowmaker
๐Ÿ“…︎ Apr 20 2021
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Big 4 Indirect Tax as BBA/MS in Accounting and JD

I have looked through the thread and come across similar questions, but there seems to be nothing exactly on point, so i was hoping the good folks of this sub might shed some light on several questions I have regarding the topic in the title. I have an undergrad and grad degree in accounting, and I interned at a larger mid market firm. I received a full-time offer, but elected to go to law school instead. Iโ€™m currently set to graduate in May and sit for the July bar exam, and i am in the interview process for a big 4 indirect tax staff position in a secondary market. Iโ€™m looking for general information about what indirect tax staff does on a day to day basis (i know it can depend on focus area) so that i can speak about the position at least semi-intelligently in the interview. If anyone has any insights as to salary for this position or exit opportunities (or how a JD and bar membership would affect either of these), i would love to hear your input. Thank you for taking the time to read, friends!

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๐Ÿ‘ค︎ u/JDAccountant
๐Ÿ“…︎ Mar 09 2021
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What is the best company structure in Denmark for traders to deduce indirect costs before tax?

Sorry for asking in English but my Danish is very bad.

I've been trading volatility (I make profit on market variations, not on bull markets) as a hobby for the past few years through future contracts on cryptocurrencies. I use some basic AI to do most of my trades on my behalf.

Here are the average *monthly* operating gains and costs on the past year:
Future gross profit 38,148.86 dkk
Future trading fees 7,109.20 dkk
AI costs 1,487.34 dkk

I would like to increase my investment and move to a professional set up where the AI costs are ~25% of the net future profit instead of ~4%. As a personal investor, I am currently taxed on the net future profit before deducing the AI costs, so on 38,148.86 - 7,109.20 = 31,039.66 dkk. I would like to be taxed on the net profit of my whole operation, so on 38,148.86 - 7,109.20 - 1,487.34 = 29,552.32 dkk.

What is the best company structure I can create so I can deduce the AI costs before being taxed?

Thanks for any suggestion,

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๐Ÿ‘ค︎ u/FarineAutoChess
๐Ÿ“…︎ Feb 16 2021
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This is an update for cat tax: my dad has always hated cats and didn't want me to bring Edgar home with me...then he makes him a carpeted staircase to the cat door and carpeted his feeding area atop the (indirect) water heater. It is not the typical water heater, so it is not a fire hazard
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๐Ÿ‘ค︎ u/FertilityHotel
๐Ÿ“…︎ Oct 25 2020
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Qualifications for Indirect Tax in Canada

What are the mandatory qualifications to get into the tax team (Indirect tax specifically) in any of the Big 4 in Canada?

Is Canadian CPA (or any equivalent chartered accountancy qualification) mandatory?

Would a diploma in taxation (for e.g. ADIT) & 5+ years of experience in other jurisdictions of Indirect Tax help with the chances?

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๐Ÿ‘ค︎ u/throwthekitchensink
๐Ÿ“…︎ Mar 09 2021
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Statement of Cash Flow Indirect method and Excess Tax Benefit from SBC.

Guys hi

Could someone help me understand the mechanics of Excess Tax Benefit on CF statement? (before ASU 2016-09 took effect)

I took example from CPA journal

>Tax Rate - 40%
>
>Entity A issues stock awards to its employees at the beginning of the first year with a fair value of $100.
>
>The awards will be vested in two years, the intrinsic value of the award at the end of the second is $500.

Journal entries for taxes at the end of year 2 (at stock award exercise) are :

(reversing previously established DTA)
Dr Deferred Tax Benefits        40
     Cr Deferred Tax Asset            40 


(recording tax expense)
Dr Taxes Payable               200              # 500*0.4
     Cr Current Tax Expense           40        # 100*0.4    
     Cr APIC                         160        # (500-100)*0.4

As i understand CF will look like:

(assuming no cash payment for taxes was made)

CFO
NI                                  NM
Decrease in DTA                     40
Decrease in Taxes Payable         (200)

CFF
Excess tax benefits from SBC       160

However when i look at real world examples from 10k, practically all of them have additional negative Excess tax benefits from SBC in CFO

CFO
NI                                  NM
Decrease in DTA                    ...
Excess tax benefits from SBC      (160)  <this one
Decrease in Taxes Payable          ...

CFF
Excess tax benefits from SBC       160

I can't understand where it's coming from. What's the origin / journal entry for this negative Excess Tax Benefit on CF statement?

For example here Microsoft has

CFO
Excess tax benefits from stock-based compensation   (588)ย    (271)ย   (209)ย  

CFF
Excess tax benefits from stock-based compensation    588ย      271 ย    209ย    

Maybe they split Decrease in Taxes Payable into 2 components...

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๐Ÿ‘ค︎ u/rtwyyn
๐Ÿ“…︎ Mar 02 2021
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[Hiring] Indirect Tax ETL Developer Apprentice Conversion in Southbury, Connecticut, US ai-jobs.net/job/4819-indiโ€ฆ
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๐Ÿ‘ค︎ u/ai_jobs
๐Ÿ“…︎ Jan 16 2021
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CTA training material (UK indirect tax)

๐Ÿดโ€โ˜ ๏ธ Hi slightly embarrassing request but is anyone willing to share their training material for indirect tax modules (for the CTA) as my firm is not bothering to pay for this.

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๐Ÿ‘ค︎ u/Vlttaxmaje
๐Ÿ“…︎ Jan 05 2021
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Is social insurance tax direct or indirect tax?

Iโ€™m working on University study project about tax in the USA and found out that it kinda hard to find information that Im looking for so the topic said that is social insurance tax direct or indirect tax? payroll tax also, I try to find information about is it direct or indirect but cant find it anywhere. Thank you so much!!

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๐Ÿ‘ค︎ u/jjjena123
๐Ÿ“…︎ Nov 16 2020
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The Centre has reached out to the states again clarifying that it would pay entire GST compensation dues to them amid the mounting opposition over the borrowing options proposed in lieu of the shortfall in indirect tax collections. twitter.com/ians_india/stโ€ฆ
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๐Ÿ‘ค︎ u/aviakki1
๐Ÿ“…︎ Sep 08 2020
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Direct & indirect tax as a % of gross household income across a number of EU countries. Ireland a standout.
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๐Ÿ‘ค︎ u/SeanB2003
๐Ÿ“…︎ Feb 27 2020
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Direct and indirect taxes coming soon to UAE. Corporate tax to be first and income tax to be the last khaleejtimes.com/businessโ€ฆ
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๐Ÿ‘ค︎ u/reddymd
๐Ÿ“…︎ Nov 03 2019
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AMA: I'm a CPA working in a Big 4 indirect tax technology and automation group. Ask me about the bots how I got here!

I'm a CPA doing non-CPA things at a Big 4 firm.

There's a lot of buzz and chatter about technology and automation. As someone who works with this day and and day out, I wanted to answer any questions you all might have about.

Some background on how I got here.

I got my bachelor's and masters in accounting. I went through the traditional recruiting process as well. I did an internship in the tax technology group I'm currently in and haven't looked back. It's not your traditional compliance tax group. There's no busy season, it's consulting based so there's a lot of face time with clients you don't typically see in other tax groups. The work is interesting (to me, at least) because of how we're leveraging existing and developing tech into tax functions.

Cool tech we're working with:

  • Process automations
  • Robotic Desktop/Process Automation (RDA/RPA)
  • Machine learning
  • Geospatial
  • Artificial intelligence
  • Blockchain

I've been doing this for a little over three years now, so let me know what you want to know!

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๐Ÿ‘ค︎ u/WhoseHouse_
๐Ÿ“…︎ Nov 25 2019
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[hiring] Indirect Tax ETL Developer in Budapest, Budapest, HU ai-jobs.net/job/2383-indiโ€ฆ
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๐Ÿ‘ค︎ u/ai_jobs
๐Ÿ“…︎ Jul 31 2020
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[Hiring] Indirect Tax ETL Developer in Budapest, Budapest, HU

IntroductionWe are currently seeking an Application Developer to become part of a team that provides IT support to the IBM Finance Systems Indirect Tax (IDT) organization. The successful candidate will help the IT team to build, enhance and maintai โ€ฆ

Read more / apply: https://ai-jobs.net/job/2383-indirect-tax-etl-developer/

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๐Ÿ‘ค︎ u/ai_jobs
๐Ÿ“…︎ Jul 31 2020
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