Economy NOtes

The Tobin Tax, named after Nobel laureate economist James Tobin, is a proposed levy on foreign exchange transactions. First suggested in the 1970s

Transfer pricing refers to the pricing of goods, services, and intangible assets exchanged between related entities within multinational corporations.

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

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.