Double taxation business dictionary

Double taxation business dictionary For example, company profits are taxed and then taxed again when they are given to shareholders in the form of DIVIDEND s The US taxes corporate profits when they are earned and also when they are paid to shareholders in the form of dividends; eliminating this double My Accounting Course accounting and business dictionary explains 1,000s of accounting terms in plain english. Browse the definition and meaning of more terms similar to Double Taxation. All trademarks, registered trademarks, product names and company names or logos mentioned herein are the property of their respective owners. 09. Taxation that falls on the same source of income in more than one country. Since this is inequitable, many nations make bilateral double taxation agreements with each other. Search & Explore : Management DictionaryDouble Taxation double taxation n : taxation by the same authority of the same property for the same period and the same purpose Source: Merriam-Webster's Dictionary of Law ©1996. This definition and concept has been researched & authored by our Business Concepts Team members. Published under license with Merriam-Webster, Incorporated. This site is not directly affiliated with Mobile Systems Inc. Search all terms that start with the letter D. Bilateral tax treaties Taxation is differentiated from other forms of payment, such as market exchanges, in that taxation does not require consent and is not directly tied to any services rendered. It is not unusual for a business or individual who is resident in one country to make a taxable gain (earnings, profits) in another. Taxation is normally levied on a person’s worldwide income in the country of residence but, in addition, most countries also levy a charge on income that arises within that country whether it is from interest or a business. 2019 · Some of this will be down to breakthrough science and technology, breakthrough business models and breakthroughs in behaviour change, but we also need an intensifying focus on public policy, in areas like accounting, reporting and taxation, the last spotlighted by Shaxson. The Management Dictionary covers over 7000 business concepts from 6 categories. For example, a resident of Canada who is also considered to be a resident of the United States would be potentially subject to concurrent full taxation in both countries. . From Longman Business Dictionary double taxation ˌdouble taxˈation TAX ECONOMICS when a single amount of money is taxed twice. Merriam-Webster, Incorporated. This person may find that he is obliged by domestic laws to pay tax on that gain locally and pay again in the country in which the gain was made. This is called double taxation. Show Summary Details Preview. 29. Oxford Dictionary of Business is a product developed by Mobile Systems Inc. Juridical double taxation refers to circumstances where a taxpayer is subject to tax on the same income (or capital) in more than one jurisdiction Double taxation business dictionary