Ketty

Dividends Received Deduction (DRD).



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The Dividends Received Deduction (DRD) is a tax deduction that is available to shareholders of a corporation on dividends received from the corporation. The DRD is available to both individuals and corporate shareholders. The deduction is equal to the lesser of: 1. The dividends received from the corporation, or 2. 70% of the taxable income … Read more

What Is the Tobin Tax?



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The Tobin tax is a tax on all spot conversions of one currency into another. The tax is intended to put a brake on speculative short-term currency trading. The tax is levied on the spot value of the currency transaction and is collected by the central bank of the country where the transaction takes place. … Read more