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Tax treaties tend not to exist, or to be of limited application, when either party regards the other as a tax haven. There are a number of model tax treaties published by various national and international bodies, such as the United Nations and the OECD. [210] Treaties tend to provide reduced rates of taxation on dividends, interest, and royalties.
The domestic international sales corporation is a concept unique to tax law in the United States. In 1971, the U.S. Congress voted to use U.S. tax law to subsidize exports of U.S.-made goods. The initial mechanism was through a Domestic International Sales Corporation (DISC), an entity with no substance which received tax benefits.
It is generally accepted that tax treaties improve certainty for taxpayers and tax authorities in their international dealings. [4] A DTA (double tax agreement) may require tax to be levied by the country of residence, and be exempt in the country in which it arises.
Wholesale sales tax, a tax on sales of wholesale of tangible personal property when in a form packaged and labeled ready for shipment or delivery to final users and consumers; Retail sales tax, a tax on sales of retail of tangible personal property to final consumers and industrial users [3] Gross receipts taxes, levied on all sales of a ...
The CISG is rooted in two earlier international sales treaties first developed in 1930 by the International Institute for the Unification of Private Law (UNIDROIT). [6] When neither convention garnered widespread global support, the United Nations Commission on International Trade Law ( UNCITRAL ) drew from the existing texts to develop the ...
An indirect tax (such as a sales tax, per unit tax, value-added tax (VAT), excise tax, consumption tax, or tariff) is a tax that is levied upon goods and services before they reach the customer who ultimately pays the indirect tax as a part of market price of the good or service purchased. Alternatively, if the entity who pays taxes to the tax ...
Retiring overseas is a dream for many Americans, whether they are in search of new adventures, more exotic pastures or cheaper costs of living. Check Out: Retirement Living: These 3 States Are Too...
A poll tax, also called a per capita tax, or capitation tax, is a tax that levies a set amount per individual. It is an example of the concept of fixed tax . One of the earliest taxes mentioned in the Bible of a half-shekel per annum from each adult Jew (Ex. 30:11–16) was a form of the poll tax.