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The UNCAC states that the conflict of interest is a criterion which determines what information should be disclosed [citation needed].The Organisation for Economic Co-operation and Development (OECD) defines conflict of interest as "a conflict between the public duty and private interests of a public official, in which the public official has private-capacity interests which could improperly ...
Although its name (wealth yield tax) suggests that it is a tax on the yield of wealth, it qualifies as a wealth tax, since the actual yield (whether positive or negative) is not taken into account in its calculation. Up to and including 2016, the rate was fixed at 1.2% (30% taxation over an assumed yield of 4%).
Illicit enrichment generally refers to a situation in which a person has enjoyed some sort of wealth that cannot or has not been justified as coming from a legitimate source of income. [1] The exact definitions for illicit enrichment, and the terminology used to describe the concept, vary considerably between international legal instruments and ...
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This list of members of the United States Congress by wealth includes the fifty richest members of Congress as of 2018. It displays the net worth (the difference between assets and liabilities ) for the member and their immediate family, such as a spouse or dependent children.
It is after the holidays but before spring cleaning which can mean only one thing, tax time is upon you. Gather up your forms and get out your calculator, it is time to figure out exactly what your...
Members of TIGER 21, the exclusive membership network for high-net-worth individuals, are heading into the new year with a conservative attitude, but that doesn't mean they will be closing their ...
The Voluntary Disclosure of Income Scheme (VDIS) was a very unconventional but successful step among Indian economic policies.It would give an opportunity to the income tax or wealth tax defaulters to disclose their undisclosed income at the prevailing tax rates.