Have you ever heard of big and large companies that seem to pay very little in taxes? This happens because of a practice called base erosion and profit sharing (BEPS). In this article, we will explain BEPS in simple terms, how it affects everyday people, and the efforts being made to address this global tax …
BASE EROSION AND PROFIT SHARING (BEPS): UNRAVELING THE GLOBAL TAX CHALLENGE Read More »
Although double taxation and tax treaties may sound complicated, they are essential to global trade and investment. In this post, we will decode the idea of double taxation, investigate how it affects both individuals and businesses and delve into the importance of tax treaties in resolving this problem. We hope to demystify these subjects and …
When a business or person who resides in one nation—the “Residence State”—earns revenue from another nation—the “Source State,” international taxes becomes relevant. International taxation is not governed by a single law or convention. The following sources form the basis of international taxation: 1. Domestic Tax Law The nature of income, residency status, tax rates, etc. …
Over the past decades, globalization has accelerated quickly. The globe feels closer and more accessible than it ever has because we live in the digital age. Small enterprises and freelancers can now develop their businesses overseas, not just big multinational corporations. The importance of international taxation likewise rises as cross-border trade and services increase. One …
