It discusses the importance of taxation as both an individual and business planning activity, outlines what a tax is, why … Expand. Relieving the burden of UK capital taxation on business.
In the absence of a statutory … Expand. FDI Activity. The effects of bilateral tax treaties on FDI activity have been unexplored, despite significant ongoing activities by countries to negotiate and ratify these treaties. This paper estimates the impact … Expand. An international comparative study of South African controlled foreign company legislation.
Historically, tax policies were formulated principally to deal with domestic economic and social concerns OECD, While the domestic tax systems of essentially closed economies also had an … Expand. Double taxation treaties are enacted to abolish incidents of double taxation.
Moreover, it helps less developed countries in attracting foreign direct investment, discourage, and eradicate double … Expand. View 1 excerpt, cites background. In the era when trade was dominated by the exchange of manufactured goods, international taxation was designed to protect domestic industries, create tax revenue, prevent evasion, and promote compliance.
The traditional toolbox of customs duties, tariffs, and taxes on repatriated profits must be augmented as the movement of goods across borders represents a much smaller fraction of trade and as international taxation policy is increasingly used to attract foreign corporations rather than discourage branch offices.
International taxation models that can better tax services, track international flows of capital, and allow a nation to compete in a world market for capital formation are the tools of the modern tax practitioner. International tax policy is now viewed as an integral part of economic policy. This approach is bound to accelerate as the world becomes increasingly flat and better connected. Economic progress is more and more influenced by the movement of services and information, movements that are no longer through ports but through fiber optic lines.
This book contributes to the growing literature on international taxation by bringing together theory and experience, current practices and innovation, and our current understanding of some of the challenges now facing and arguably frustrating current international taxation policy.
The book will create new avenues of research for scholars, a new awareness for students of International Taxation, and new possibilities for international tax practitioners. The models and examples presented here suggest that there are serious problems with measurability of flows of services and information, and points to an increasingly need for greater harmonization of international taxation, perhaps through coordinated consumption-tax oriented approaches.
The need to understand how the international system of taxation works is therefore a subject of importance to many people. They each provide brief, structured and easy to understand explanations of the key concepts edited together into one volume to provide a unique, very readable, guide to the field.
While this text is aimed at masters or advanced undergraduate level students, it will also be of interest to those requiring a professional understanding of the topic. Each chapter introduces a different aspect of the international taxation system, explains the important issues to be understood in each case and provides suggestions for discussion and further reading. This compendium will equip its readers with better knowledge and practical examples to be able to serve their clients better.
In a relatively brief and manageable form, it sets forth the principles adopted by the US in taxing US or foreign individuals and corporations as they invest, work, or carry on a trade or business in the US or abroad. Throughout the discussion, the authors incorporate references not only to the Internal Revenue Code provisions under discussion but also to relevant Treasury Regulations and other administrative material and to important cases that have arisen.
A short summary of this paper. Download Download PDF. Translate PDF. Hilary Working Paper Contact: afredy34 gmail. Taxes are imposed to the individuals, corporate formed within and those from foreign states, through legislations which provides laws guiding taxation system. A good tax system of a state is that which posses good tax policy, good tax laws and good tax administration.
It should be born in mind that, the concept of taxation were brought by the colonial rule, in which later on in the s, British colonial rule established the so called Income tax through the Income Tax Ordinance whereby they applied and simplified tax laws from United Kingdom. The Act provides for chargeable income, that chargeable income is accrued from employment, investment and income from business stated under section 7, 8, and 9 of the Income Tax Act, Cap , and Revised Edition Tanzania as developing country struggles in promoting and implementing various tax policies with the main purpose of rising state revenue, so that it can be able to provide social services to its people like building infrastructure and also medical service in hospitals.
The IDA paved the way to improve the legal framework and the tax administration. The tax base had been broadening. With help of the International Development Association's technical assistance the Tanzanian therefore tax reforms 4. It suffice it to say that Tanzania tax legal system is now stable, the state now is focusing on economic integration with other states.
The main purpose is to ensure economic growth of states. This economic integration among its priority is investment, exportation and importation of commodities. States are very interested to tax on those criteria mentioned above, but with the purpose of protecting double taxation, international taxation was established. 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 relating to extraterritorial income5.
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