Posts Tagged ‘Neutrality’
July 7th, 2011 | 
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The problem comes when there is an “imposition of comparable taxes in two or more states on the same taxpayer in respect of the same subject matter and for identical periods “(OECD Committee on Fiscal Affairs). Therefore International double taxation occurs where the tax authorities of two or more countries concurrently impose taxes having the same bases and incidence in such a way that a person incurs a heavier tax burden than what he suppose too. A country will usually reserve a right to tax its residents on their worldwide income and also the tax authority usually wish to tax all income and gains no matter the person is resident or no and this is done on source basis. Under the source principle a country reserves the right to tax not only the worldwide income and gains of its tax residents but also the income and gains of non-residents arising within its border.
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Posted in Taxes | 
Tags: Double Taxation, Fiscal Affairs, Focus, Imposition, International, International Taxation, Multinational Group, Nation States, Neutrality, Non Residents, Oecd Committee, Periods, Principle, Source Basis, Subject Matter, Tax Authorities, Tax Burden, Tax Jurisdiction, Tax Planning, Two Kinds, Worldwide Income | 
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