1. Countries differ greatly in determining taxable earnings.

2. As a result, your taxable earnings go down and you can use the funds from your account for any health-related costs.

3. The system of capital allowances is the system of depreciation permitted by the Inland Revenue in arriving at taxable earnings.

4. Its reported net earnings are therefore lower than the reported nil earnings of firm A even though its taxable earnings are the same.

5. The intermediaries then resell the grains at higher prices, allowing exporters to declare diminished taxable earnings.