Rahul Nayar says that A tax on a corporation's taxable capital, comprising capital stock, surpluses, indebtedness and reserves. Capital tax is applicable to capital owned by a company, not its spending. Capital taxes, in contrast to income taxes, are charged regardless of the profitability of the firm. Also known as "corporation capital tax".
In British Columbia, the corporation capital tax (CCT) is a tax levied on financial corporations with a permanent establishment in British Columbia and net paid-up capital in excess of a minimum threshold amount. For the purposes of the CCT, a financial corporation is a bank, trust company, credit union or loan corporation.
Thursday, 28 November 2013
Welcome to an ongoing conversation, an experiment if you will, about the nature of capital and community. Can we redefine capital as more than financial and truly mean it? Can capitalism serve humanity? Can creative competition boost social betterment? Thoughts like these are welcome...but explore what you will about this site. For it is all about transactions. Whether cash, communication, or creativity, all of life is a continuous transaction, an intermingling of thought, matter, soul, and economies of scaled beauty and truth…
Many people (particularly non-Americans) who see the word Capitol in writing assume it is a typo of capital. In fact,
Monday, 11 November 2013
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