Tag Archives: #EconomicTheory

Why accounting firms are partnerships ?

Partnership model in accounting firms Accounting firms often choose the partnership structure for several reasons: 1.Shared Expertise: Accounting firms typically consist of partners who are experienced and knowledgeable in the field of accounting. By forming a partnership, they can combine their expertise and skills, allowing for a broader range of services to be offered to… Read More »

What does it mean when we say GST is a destination based tax?

Destination based tax When we refer to GST (Goods and Services Tax) as a destination-based tax.  It implies that the tax is imposed at the final point of consumption for goods or services. The tax proceeds collecte by the state where the goods or services consumed, rather than the state where they produced. For more… Read More »