Why do individuals do not pay taxes on interest revenue they gain from banks while companies pay

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Why do individuals do not pay taxes on interest revenue they gain from banks while companies pay tax from their interest revenues they get from the banks

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Financial Accounting and Reporting a Global Perspective

ISBN: 978-1408076866

4th edition

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

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Posted Date: Nov 14, 2023 05:43 AM

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Why do individuals do not pay taxes on interest revenue they gain from banks while companies pay

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Individuals and companies are subject to different tax rules and regulations due to the nature of their financial activities and structures The taxati... View the full answer

Financial Accounting and Reporting a Global Perspective

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