IntentBI

Generate insights at lightning speed

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About IntentBI
IntentBI is a product designed keeping the Business user in mind. Business users always have to depend on Report Developers or Data Analysts for decision making and building reports and dashboards. Owing to the complexity of the Business Intelligence tools and platforms avai...
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IntentBI
Generate insights at lightning speed
0.00/5 (0 Reviews)
Product Demo
Core Features
Reporting Software Features
  • Customizable Dashboard
  • Data Source Connectors
  • Forecasting
  • Report Export
  • Visual Analysis
  • Automated Reports
  • Drag & Drop
  • Drill Down
  • Financial Reports
  • Marketing Reports
  • OLAP
  • Sales Reports
Discussions
A tax incentive is the government's way to motivate individuals or businesses to spend/invest/save money so that they pay a lesser tax. Some of the common types of tax incentives are tax holidays, special zones, investment tax credit, investment allowance, accelerated depreciation, reduced tax rate, and exemptions from other types of taxes.The aim of tax incentives is to make retirement secure for the citizens. Tax incentives give more importance to long term savings and the ones that are not liquid. It ensures that the money is not used before retirement. On one hand tax incentives help the government to decrease the cost of capital for new industries that are high on the risk factor. There is also a possibility that if the incentives are not properly decided, it can result in spending of money without having an impact on investment and operating decisions. In order to take the benefits of tax incentives people start investing in other assets like gold. As a result, the middle class people don't have a lot of liquid savings left. The concept of tax incentives seems to be a positive and beneficial one from the bird's eye view but when it is broken into the day to day lives of middle class or lower income groups, it may not turn out to be that beneficial. Moreover, all of these concepts look appealing on paper but in reality that is not the case. It is a known fact that people belonging to the higher income group get more benefits in savings and taxes as compared to the people of middle and lower classes. Unless and until the financial gap between these two classes doesn't reduce the original purpose of tax incentives will not be fulfilled.Overall, it can be said that the aggregate financial savings may or may not remain stable with tax incentives but the tax breaks have had a substantial impact on people saving in some specific ways like pensions and insurance.
A tax incentive is the government's way to motivate individuals or businesses to spend/invest/save money so that they pay a lesser tax. Some of the common types of tax incentives are tax holidays, special zones, investment tax credit, investment allowance, accelerated depreciation, reduced tax rate, and exemptions from other types of taxes.The aim of tax incentives is to make retirement secure for the citizens. Tax incentives give more importance to long term savings and the ones that are not liquid. It ensures that the money is not used before retirement. On one hand tax incentives help the government to decrease the cost of capital for new industries that are high on the risk factor. There is also a possibility that if the incentives are not properly decided, it can result in spending of money without having an impact on investment and operating decisions. In order to take the benefits of tax incentives people start investing in other assets like gold. As a result, the middle class people don't have a lot of liquid savings left. The concept of tax incentives seems to be a positive and beneficial one from the bird's eye view but when it is broken into the day to day lives of middle class or lower income groups, it may not turn out to be that beneficial. Moreover, all of these concepts look appealing on paper but in reality that is not the case. It is a known fact that people belonging to the higher income group get more benefits in savings and taxes as compared to the people of middle and lower classes. Unless and until the financial gap between these two classes doesn't reduce the original purpose of tax incentives will not be fulfilled.Overall, it can be said that the aggregate financial savings may or may not remain stable with tax incentives but the tax breaks have had a substantial impact on people saving in some specific ways like pensions and insurance.

A tax incentive is the government's way to motivate individuals or businesses to spend/invest/save money so that they pay a lesser tax. Some of the common types of tax incentives are tax holidays, special zones, investment tax credit, investment allowance, accelerated depreciation, reduced tax rate, and exemptions from other types of taxes.

The aim of tax incentives is to make retirement secure for the citizens. Tax incentives give more importance to long term savings and the ones that are not liquid. It ensures that the money is not used before retirement. 

On one hand tax incentives help the government to decrease the cost of capital for new industries that are high on the risk factor. There is also a possibility that if the incentives are not properly decided, it can result in spending of money without having an impact on investment and operating decisions. 

In order to take the benefits of tax incentives people start investing in other assets like gold. As a result, the middle class people don't have a lot of liquid savings left. The concept of tax incentives seems to be a positive and beneficial one from the bird's eye view but when it is broken into the day to day lives of middle class or lower income groups, it may not turn out to be that beneficial. 

Moreover, all of these concepts look appealing on paper but in reality that is not the case. It is a known fact that people belonging to the higher income group get more benefits in savings and taxes as compared to the people of middle and lower classes. Unless and until the financial gap between these two classes doesn't reduce the original purpose of tax incentives will not be fulfilled.

Overall, it can be said that the aggregate financial savings may or may not remain stable with tax incentives but the tax breaks have had a substantial impact on people saving in some specific ways like pensions and insurance.

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