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Taxation. Double taxation is the levying of tax by two or more jurisdictions on the same income (in the case of income taxes), asset (in the case of capital taxes), or financial transaction (in the case of sales taxes). Double liability may be mitigated in a number of ways, for example, a jurisdiction may: fully tax the foreign-source income ...
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. Governments usually limit the scope of their income taxation in some manner territorially or provide for offsets to taxation ...
Purposes. Typically, a TIEA contains the following provisions: It provides for exchange of information that is "foreseeably relevant" to the administration and enforcement of domestic tax laws on the Contracting Parties. The information provided under TIEA is protected by confidentiality obligations. Disclosure can be made to courts or judicial ...
A tax treaty, also called double tax agreement (DTA) or double tax avoidance agreement (DTAA), is an agreement between two countries to avoid or mitigate double taxation. Such treaties may cover a range of taxes including income taxes, inheritance taxes, value added taxes, or other taxes. [ 1 ] Besides bilateral treaties, multilateral treaties ...
t. e. Tax law or revenue law is an area of legal study in which public or sanctioned authorities, such as federal, state and municipal governments (as in the case of the US) use a body of rules and procedures (laws) to assess and collect taxes in a legal context.
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Luckily, Santa Cruz’s peanut butter (made from organic Spanish peanuts and a dash of salt) was a light in the wilderness. Our testers loved its concentrated toasty flavor without any bitter ...
See also: Base erosion and profit shifting (OECD project) The 2012 G20 Los Cabos summit tasked the OECD to develop a BEPS Action Plan, [ 60 ][ 61 ] which 2013 G-20 St. Petersburg summit approved. [ 62 ] The project is intended to prevent multinationals from shifting profits from higher- to lower-tax jurisdictions. [ 63 ]