Economic borders may have been eroded due to globalization, but tax power of countries remains the...
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"Economic borders may have been eroded due to globalization, but tax power of countries remains the same. Companies and individuals move to other countries and create income. When a company or individual from country A gets income in country B, which country has the right to tax such income is an area of controversy. There are two leading principles to guide taxation. The first is called residence based taxation and the second one-source based taxation." In the light of the above statement, critically discuss residence based taxation and source based taxation. Your answer should include the recent developments in the literature review. "Economic borders may have been eroded due to globalization, but tax power of countries remains the same. Companies and individuals move to other countries and create income. When a company or individual from country A gets income in country B, which country has the right to tax such income is an area of controversy. There are two leading principles to guide taxation. The first is called residence based taxation and the second one-source based taxation." In the light of the above statement, critically discuss residence based taxation and source based taxation. Your answer should include the recent developments in the literature review.
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Residence vs SourceBased Taxation Navigating a Globalized World As the text rightly points outglobalization has blurred economic borders while leaving ... View the full answer
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Managing Business Ethics Making Ethical Decisions
ISBN: 9781506388595
1st Edition
Authors: Alfred A. Marcus, Timothy J. Hargrave
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