Search results
Results from the WOW.Com Content Network
International taxation is the study or determination of tax on a person or business subject to the tax laws of different countries, or the international aspects of an individual country's tax laws as the case may be.
International tax planning also known as international tax structures or expanded worldwide planning (EWP), is an element of international taxation created to implement directives from several tax authorities following the 2008 worldwide recession.
The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
For example, US tax law requires individuals to reduce the foreign income tax by the ratio of the rate differential on dividends (39.6% less 20%) to the maximum individual tax rate (39.6%). [59] Some countries have at times allowed shareholders a credit against the shareholder's tax for taxes paid by the corporations. [ 60 ]
A world taxation system or global tax is a hypothetical system for the collection of taxes by a central international revenue service.The idea has garnered currency as a means of eliminating tax avoidance and tax competition; it has also aroused the ire of nationalists as an infringement upon national sovereignty.
It is generally accepted that tax treaties improve certainty for taxpayers and tax authorities in their international dealings. [4] A DTA (double tax agreement) may require tax to be levied by the country of residence, and be exempt in the country in which it arises.
International tax planning; Intra-European Organisation of Tax Administrations; Network of Tax Organizations; Ireland as a tax haven; ITR (magazine) M.
A poll tax, also called a per capita tax, or capitation tax, is a tax that levies a set amount per individual. It is an example of the concept of fixed tax. One of the earliest taxes mentioned in the Bible of a half-shekel per annum from each adult Jew (Ex. 30:11–16) was a form of the poll tax. Poll taxes are administratively cheap because ...