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IBC

An international business company is a company that operates in more than one country. These companies can be either multinational corporations or transnational corporations. Multinational corporations are companies that have a centralized management structure and conduct business in more than one country. Transnational corporations are companies that have a decentralized management structure and conduct business …

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Import/Export Company

An import export company is a company that facilitates the movement of goods between countries. These companies typically act as intermediaries between suppliers and customers, helping to connect buyers and sellers and ensuring that goods are shipped safely and efficiently. Import export companies can be involved in a wide range of activities, from sourcing products …

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Income Tax

Income tax is a tax levied on individuals or entities that arise from their respective incomes. The income tax rate is typically progressive, meaning that as an individual’s income increases, so does the percentage of their income that is taxed. The purpose of the income tax is to raise revenue for the government in order …

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Inheritance Tax

Inheritance tax is a tax imposed on the property of a deceased person that is passed down to their heirs. The amount of the tax is based on the value of the property and can vary from state to state. Inheritance tax is typically paid by the executor of the estate and is due at …

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Internet Merchant Account

An Internet Merchant Account is a type of bank account that allows businesses to accept payments over the internet. This account is different from a regular bank account because it is specifically designed to process credit and debit card transactions. In order to open an Internet Merchant Account, businesses must first apply and be approved …

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