Taxation of cooperatives. A model that strengthens equity

Management Letters/Cuadernos de Gestión

关键词: Co-operative;    Taxability;    Capital stock;    Worker members;   

DOI  :  

来源: DOAJ

【 摘 要 】

Co-operatives are a type of business with their own special characteristics, including the distribution andmanner of control, the way of sharing out dividends, the existence of obligatory funds, the self-regulation ofwork, the procedure for attributing economic funds when one member leaves and the fact that workers have ashare in profit.In consequence, the institutional bodies in power in society have considered that this business formula shouldbe fostered, and for this reason a series of regulations that offer tax benefits to these entities was developed,providing that certain requirements are fulfilled. Among the different requirements included are the contributionto Obligatory Reserve Funds (F.R.O) within the company as well as to specific expenses that remain undercontrol of the Co-operative for social reasons, such as The Education and Promotion Fund. (F.E.P.C.)

【 授权许可】

Unknown