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*Making college tuition tax deductible in most cases.
Why tilt benefits to the front end and put the deductible in the middle?
Interest payments on mortgages are tax deductible in about half of rich countries and some emerging ones, for example India.
Both cost $100 per person, $50 of which is tax deductible in both cases as a contribution to the trust.
"That way, the interest will be deductible in 2009," said Bob D. Scharin, senior tax analyst at Thomson Reuters.
(Because interest payments are nearly always deductible in determining taxable profits, the return on borrowed capital is not subject to the corporation tax).
Similar(6)
Britain made interest paid by firms tax-deductible in 1853.
Some years ago, bribes were tax-deductible in several European countries.
Corporate interest payments are tax-deductible in most countries while dividends are not.
Mortgage interest is fully tax-deductible in America, but no longer in Britain.
The tax position is more favourable for American buyers (interest is no longer tax-deductible in Britain).
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