Double Taxation, Advanced Price Agreements - A Revolution in Taxation LawsJournal: International Journal of Science and Research (IJSR) (Vol.7, No. 9)
Publication Date: 2018-09-05
Authors : Harshvardhan Ranawat;
Page : 1298-1305
Keywords : Double Taxation; Advanced Price Agreements; Taxation Laws;
Presently the regime of taxation throughout the world operates on the principle of territorial control or sovereignty of the nations, whereby each nation derives its taxes from incomes within its own territorial control. The goal which one country seeks to achieve through the taxation regime is to generate revenue to contribute to the cost of the state. As more and more taxes are being derived from international business it is of the outmost importance to evolve the traditional taxation regime. As part of their planning companies position themselves in favorable tax environment. This paper provides insight into various aspects of the principle of double taxation, evaluates agreements between two countries regarding the same and finally dwells on the subject of advanced price agreements.
Other Latest Articles
Last modified: 2021-06-28 19:56:54