INTERVIEW QUESTIONS TAX DETAILS

Question: What is Balancing Payment in Taxation?

Answer: Balancing Payment in Taxation is a payment, normally from one or more participants to another, to adjust participants' proportionate shares of contributions, that increases the value of the contributions of the payer and decreases the value of the contributions of the payee by the amount of the payment, in the context of CCA (Cost Contribution Arrangements).

Balancing Payment in Taxation is a payment, normally from one or more participants to another, to adjust participants' proportionate shares of contributions, that increases the value of the contributions of the payer and decreases the value of the contributions of the payee by the amount of the payment, in the context of CCA (Cost Contribution Arrangements). Source: CoolInterview.com

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