The realities of globalization have brought the subject of international double taxation out of the background and into the limelight. The popularity of multinational companies, the exponential growth in the transfer of resources across boundaries, together with the recent explosion in electronic commerce, have all contributed to an increased awareness by all those concerned with or involved in transborder trade and commerce. The Organization for Economic Co-operation and Development's (OECD) model treaty, which has gone through several revisions over the years, still stands as the model upon which most of the current existing double tax agreements are based. Double tax treaties enter into force after ratification by both signing countries and after the exchange of ratification instruments. Withholding and other taxes could enter into force on different dates. Only income taxes are covered under a double taxation treaty. Also excluded from double taxation treaties are estate and gift taxes.
T A X A T I O N international taxation Double Tax Treaties
Pages to are hidden for
"Double Tax Treaties"Please download to view full document