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Double taxation is the imposition of two or more taxes 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). It refers to two distinct situations:
- taxatio
- taxation of dividend income without relief or credit for taxes paid by the company paying the dividend on the income from which the dividend is paid. This arises in the so-called "classical" system of corporate taxation, used in the United States.
- taxation by two or more countries of the same income, asset or transaction, for example income paid by an entity of one country to a resident of a different country. The double liability is often mitigated by tax treaties between countries.
- taxation of dividend income without relief or credit for taxes paid by the company paying the dividend on the income from which the dividend is paid. This arises in the so-called "classical" system of corporate taxation, used in the United States.
- taxation by two or more countries of the same income, asset or transaction, for example income paid by an entity of one country to a resident of a different country. The double liability is often mitigated by tax treaties between countries. n of dividend income without relief or credit for taxes paid by the company paying the dividend on the income from which the dividend is paid. This arises in the so-called "classical" system of corporate taxation, used in the United States.
- taxation by two or more countries of the same income, asset or transaction, for example income paid by an entity of one country to a resident of a different country. The double liability is often mitigated by tax treaties between countries.
Double taxation is the imposition of two or more taxes 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). It refers to two distinct situations:
- taxatio
- taxation of dividend income without relief or credit for taxes paid by the company paying the dividend on the income from which the dividend is paid. This arises in the so-called "classical" system of corporate taxation, used in the United States.
- taxation by two or more countries of the same income, asset or transaction, for example income paid by an entity of one country to a resident of a different country. The double liability is often mitigated by tax treaties between countries.
- taxation of dividend income without relief or credit for taxes paid by the company paying the dividend on the income from which the dividend is paid. This arises in the so-called "classical" system of corporate taxation, used in the United States.
- taxation by two or more countries of the same income, asset or transaction, for example income paid by an entity of one country to a resident of a different country. The double liability is often mitigated by tax treaties between countries. n of dividend income without relief or credit for taxes paid by the company paying the dividend on the income from which the dividend is paid. This arises in the so-called "classical" system of corporate taxation, used in the United States.
- taxation by two or more countries of the same income, asset or transaction, for example income paid by an entity of one country to a resident of a different country. The double liability is often mitigated by tax treaties between countries.
Wiki User
∙ 11y ago
Wiki User
∙ 8y agoDouble taxation is when taxes are levied by multiple jurisdictions on the same income. This is most common when a tax on treaties happens between more than one country.
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What has the author Ralph Newns written?
Ralph Newns has written: 'Double taxation relief for shipping' -- subject(s): Double taxation, Shipping, Taxation, Treaties
Is double taxation allowed or legal according to the Philippine institution?
Yes,because the government was benefited on this double taxation .
Is double taxation allowed in the Philippines?
yes.
What has the author Ronald Dibden written?
Ronald Dibden has written: 'Index to double taxation agreements' -- subject(s): Double taxation, Indexes, Treaties
What has the author Elisabeth A Owens written?
Elisabeth A. Owens has written: 'Bibliography on taxation of foreign operations and foreigners, 1968-1975' -- subject- s -: Bibliography, Double taxation, Foreign income, Income tax, Law and legislation, Taxation, Treaties 'International aspects of U.S. income taxation' -- subject- s -: Aliens, Cases, Double taxation, Foreign Corporations, Foreign income, Income tax, Law and legislation, Taxation 'Bibliography on taxation of foreign operations and foreigners' -- subject- s -: Bibliography, Double taxation, Foreign income, Income tax, Law and legislation, Taxation, Treaties
Which form of business incurs double taxation?
Corporation
Which tax leads to double taxation?
corporate tax
Is double taxation allowed according to the Philippine constitution?
yes
What is the difference between global and territorial system of taxation?
global tax mean there is double taxation, but at territorial there is one tax only
One of the main disadvantages of the corporate form is the?
double taxation of dividends
What has the author David W Williams written?
David W. Williams has written: 'Trends in international taxation' -- subject(s): Income tax, Double taxation, Taxation 'Principles of tax law' -- subject(s): Taxation, Law and legislation
What has the author F E Koch written?
F. E. Koch has written: 'The double taxation convention' -- subject(s): Double taxation, Income tax, Inheritance and transfer tax, Law and legislation
