Economics

The term ‘Import duty’ applies to various taxes imposed on goods imported from abroad. The value of a product would typically determine the import duty;…

The excise tax, including sales taxes, is a kind of indirect tax in that it is passed on to the consumer at the point of…

A luxury tax is a tax on luxury goods; it is a tax on purchases or surcharges imposed only on certain products or services that…

Side Job is a job undertaken in addition to one’s main occupation, as a supplementary source of income. A side job also called a side…

Stamp Duty, commonly known as Stamp Duty Land Tax or SDLT, is a tax imposed on sales or records of single property; traditionally, this included…

Unreported employment, (also known as working under the table, illicit work, or moonlighting), is illegal employment that is not reported to the government. It is…

A repugnant condition is one contrary to the contract itself. Repugnancy could be defined as “an inconsistency or contradiction between two or more parts of…

Shadow Economy is an illicit economic activity existing alongside a country’s official economy, e.g. black market transactions and undeclared work. It is perhaps best described…

Intellectual Property (IP) is usually remarked, consists of all the pieces of our business that our employees have thought of; actually, it’s a category of…

The term, Invisible Assets are assets that cannot be seen or touched, but still, provide value to the holder. Examples include intellectual property and brand…

Repugnant transactions create a conflict between market efficiency and morality. A repugnant market is an area of commerce that is considered by society to be outside of the…

The term “Tracker fund”, also known as index funds or passive funds, that tracks a broad market index or a segment thereof, and its aim…