Includes bibliographical references.
|Statement||Florida Advisory Council on Intergovernmental Relations.|
|LC Classifications||HJ2342.F6 F57 1978|
|The Physical Object|
|Pagination||58,  p. ;|
|Number of Pages||78|
|LC Control Number||78622804|
Double taxation is a tax principle referring to income taxes paid twice on the same source of income. It can occur when income is taxed at both the corporate level and personal level. Double Author: Julia Kagan. International Double Taxation of Interest Why this book? The problem dealt with in this book stems from the rule that interest is deductible (and dividends are not) in calculating taxable income, unless the interest is caught by thin capitalization or anti-abuse : Among the main issues the BEPS project intends to address is the phenomenon of “double non-taxation”. It is a term that is used quite frequently nowadays; primarily in order to describe situations that are considered as problematic from a policy perspective. However, not all situations where something remains untaxed provoke public outrage. taxation and the international legal double taxation, the need for elim inating the dou ble taxation and avoidance methods. Keywords: repeated taxatio n, tax evasion, exemption m ethod, crediting.
International double taxation The belief that international double taxation is a barrier to the placement of investments abroad developed from the era of the League of Nations (see Chapter 1) and is still prevalent today within the OECD However, this belief has always been questionable, even during the era of the League of Nations. What is double taxation? Double taxation is where two separate jurisdictions levy taxes on the same declared income, assets or financial other words, it could occur with income tax, capital tax or sales tax. Certain countries have tax treaties to mitigate the effects of double taxation. In the U.S., the term double taxation usually refers to a situation where tax is levied on a. The current tax system taxes corporate income twice. This double taxation has a pronounced negative economic impact, particularly on wages. It . 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: exempt foreign-source income from tax, exempt foreign-source income from tax if tax had been paid.
Definition: Double Taxation is an occurrence where the income from the same source is taxed twice before translating into net corporate phenomenon occurs because company income is taxed at the corporate level and taxed again when distributed to shareholders through other words, this is a tax policy where the government taxes income when the corporation receives it and. The issue is the amount of tax you will be required to pay. With some legal entities you incur single taxation, while with others you are subject to double taxation. Double taxation conventions (DTCs) raise a plethora of interpretational questions for the practitioner and student of tax law. This book provides the answers. An encyclopedic treatise on DTCs, Klaus Vogel on Double Taxation Conventions is a guide to all legal issues DTCs raise and includes information on worldwide case law and commentators' views.5/5(1). International Double Taxation Kindle Edition of taxation when the domestic tax legislation of the respective states applies simultaneously to a particular issue or taxpayer (e.g., when a taxpayer resident in one country derives income from sources in the other country). Tax conventions provide a means of settling on a uniform basis the most Author: Mogens Rasmussen.