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Taxes

Double taxation, domestic and international

Let's dive into the concept of double taxation, a common term in the realm of finance. Domestic double taxation occurs when a federal state imposes comparable taxes on a taxpayer by different tax authorities of equal power. On the other hand, international double taxation occurs when a taxpayer is subject to similar taxes in two or more countries on the same income or capital. This can happen when income is taxed both in the source country and in the country where the recipient resides.

Origin principle

Under the value-added tax (VAT) system, there exists a principle known as "origin-based taxation." This means that the country where the goods are produced is responsible fo...

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Control

When one person has the ability to ensure that another person follows their desires, this is referred to as control. This control can be utilized by individuals and corporat...

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Lump-sum rates

Taxation is a complex subject, but one that is essential to understand in the world of finance. As a knowledgeable professor, it is important for us to delve into the specifi...

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Auxiliary company

A subsidiary is a company that is owned by a larger parent company. They provide supporting services to other companies within the same group. These services can include adm...

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