Economics

Taxes in our life

Taxes in our life

published
143 click
34 views
URL
HTML code

The EU does not have a direct role in raising taxes or setting tax rates. The amount of tax you pay is decided by your government.
The EU's role is to support implementation of national tax rules – to ensure they are consistent with certain EU policies, such as:


promoting economic growth and job creation
ensuring the free flow of goods, services and capital around the EU (in the single market)
making sure businesses in one country don't have an unfair advantage over competitors in another
ensuring taxes don't discriminate against consumers, workers or businesses from other EU countries


EU decisions on tax matters require unanimous agreement by individual governments. This ensures that the interests of every single EU country are taken into account.
The EU also has legislation on cooperation between tax authorities, transparency, tax avoidance, recovery of tax claims and VAT and excise duties.

Who should take this course?

This course is aimed at young adults. It includes information relevant to this particular phase in life, as young people make the transition to adulthood (do they have to pay tax when they start university, launch their business, work in another country, etc.).

Course Structure



Chapter 1: When taxes appear in youngsters’ life!

At the end of this chapter, you will have a better understanding of:


what is income tax what is employment income
the negative effects of ‘shadow economy’ and ‘grey economy’ on individuals
the role of the social security contributions paid by employees


Chapter 2: How to start a business

At the end of this chapter, you will have:


a good representation of the concept of intellectual property
a better understanding of the difference between different types of taxes
a brief description of a applicable taxing incentive
a good representation of the concept of micro-company
a better understanding of VAT and MOSS scheme


Chapter 3: Employment income

At the end of this chapter, you will be able:


to understand what is an employment relationship
to define what employment income is
to identify how the income tax applies
to identify the impact of social security contributions on employment income
to identify how you can avoid double taxation


Chapter 4: Business income

At the end of this chapter, you will be able:


to understand what self-employed persons mean
to understand the taxing rules applicable for self-employed persons
to discover how to avoid double taxation as self-employed person
to understand how VAT functions for self-employed persons


Chapter 5: Assessment

Additional information

Disclaimer

The information provided in the training course:


is of a general nature only and is not intended to address the specific circumstances of any particular individual or entity
does not provide professional or legal advice
is valid as of the date of its publication


Only European Union legislation published in the Official Journal of the European Union is deemed authentic.

Copyright Notice

© European Union, 2017.

Reproduction of this training course is authorised, provided the source is acknowledged. It is prohibited to sell copies of the training course or parts of it. Further distribution of the training course must be free of charge. Prior permission must be obtained for the partial reproduction or use of text and multimedia information (sound, images, software, etc.), such permission shall cancel the above-mentioned general permission and shall clearly indicate any restrictions on use.
ENROLL IN COURSE LINK: iversity.org/en/courses/taxes-in...-life

Lessons hide description

 

 

University Mathematics 506 views

Intro to Inferential Statistics 490 lessons

Inferential statistics allows us to draw conclusions from data that might not be immediately obvious. This course focuses on enhancing your ability to develop hypotheses and use common tests such as t


University Engineering 600 views

Machine Learning for Trading 218 lessons

This course introduces students to the real world challenges of implementing machine learning based trading strategies including the algorithmic steps from information gathering to market orders. The


University Mathematics 988 views

Introduction to Probability and Statistics B - UCI 15 lessons

Description: UCI Math 131B is an introductory course covering basic principles of probability and statistical inference. Point estimation, interval estimating, and testing hypotheses, Bayesian approac


University Mathematics 618 views

Intro to Statistics 960 lessons

Statistics is about extracting meaning from data. In this class, we will introduce techniques for visualizing relationships in data and systematic techniques for understanding the relationships using


University Mathematics 876 views

Math 1A/1B. Pre-Calculus: Exponentials and Logarithms - UCI 9 lessons

This open course provides the student with review of intermediate algebra, geometry, and trigonometry. It is designed for those want to be successful in an introductory college calculus course, but wo


University Mathematics 649 views

Intro Algebra Review 573 lessons

This course provides a brief review of introductory algebra topics. Topics to be covered include integer operations, order of operations, perimeter and area, fractions and decimals, scientific notatio


University Mathematics 1331 views

Math 1A/1B. Pre-Calculus: Algebra and Geometry Review - UCI 51 lessons

This open course provides the student with review of intermediate algebra, geometry, and trigonometry. It is designed for those want to be successful in an introductory college calculus course, but wo


University Biomedics 897 views

Mathematical Biology - UCI 27 lessons

Introduction to Mathematical Modeling in Biology is taught by Professor German A. Enciso, Ph.D. The book for this class is "Mathematical Models in Biology" by Leah Edelstein-Keshet, SIAM, 2005 and co


University Economics 1668 views

The Power of Macroeconomics - UCI 69 lessons

Description: In this course, you will learn all of the major principles of macroeconomics normally taught in a quarter or semester course to college undergraduates or MBA students. Perhaps more im


University Mathematics 641 views

Intro to Descriptive Statistics 395 lessons

Statistics is an important field of math that is used to analyze, interpret, and predict outcomes from data. Descriptive statistics will teach you the basic concepts used to describe data. This is a g


Web Stats

Community: 21,160 users
Active courses: 1,160
Lessons: 27,686
Data: 83 GB
Online: 20 users

News about new courses