Fiona Beveridge
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Taxation of transnational business
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An examination of the rules used by states in the tax sphere can be informative not only as a description of current practice, but also to gain insight into the legal and non-legal constraints within which the current regime operates. Although domestic law rules for the taxation of transnational business are typified by their detailed complexity, they are underpinned for the most part by a small group of relatively simple concepts. The two primary tasks for taxation regimes are the definition or description of the tax base and the allocation of taxable income or wealth between tax authorities, and it is with these tasks that the basic concepts are concerned. This chapter first discusses the basic tax principles and principles employed in the avoidance of double taxation. The chapter then describes the taxation under the World Trade Organisation.

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