20.08.2026
The Liberal

Tax credits: when the tax authorities cross provincial borders

Academic/Unit: José Ignacio Bellorini.

It sounds like something positive. Money the taxpayer has set aside and can use later. But the money isn't set aside anywhere: it's already left the company. A bank withheld it, a supplier collected it, or some other intermediary deducted it. In return, a credit against the provincial tax authority was recorded.

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