Transfer pricing refers to the pricing of goods, services, and intangible assets exchanged between related entities within multinational corporations.
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Economy Notes
Economy Notes
Convention on Mutual Administrative Assistance in Tax Matters – UPSC Economy Notes
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The Convention on Mutual Administrative Assistance in Tax Matters stands as a pivotal international agreement facilitating cooperation among nations in the realm of taxation.
A Tax Information Exchange Agreement (TIEA) is a mutual agreement between countries that facilitates the exchange of information relevant to the administration and enforcement of their respective domestic tax laws.
Place of Effective Management (PoEM) is a crucial concept in international taxation that determines the jurisdiction where a business entity is considered to be managed and controlled.
General Anti Avoidance Rules (GAAR) are regulatory measures designed by governments to combat tax avoidance strategies employed by individuals and entities
Economy Notes
Rationalization of Double Taxation Avoidance Agreement (DTAA) – UPSC Economy Notes
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The Rationalization of Double Taxation Avoidance Agreement (DTAA) stands as a pivotal framework in international taxation, aiming to alleviate the burdens
A Double Taxation Avoidance Agreement (DTAA) is a bilateral agreement between two countries aimed at eliminating the possibility of double taxation on the same income or financial transaction
Base Erosion and Profit Shifting (BEPS) refers to tax planning strategies employed by multinational corporations (MNCs) to exploit gaps in the tax rules of certain countries
Tax havens are countries or specific regions within countries where tax rates, especially on income or capital gains, are extremely low or non-existent.
Tax expenditure refers to the revenue forgone by the government due to exemptions and concessions provided in both direct and indirect taxes.