DIFFERENT ASPECTS OF INTERSTATE COOPERATION IN THE ELIMINATION OF DOUBLE TAXATION
DOI:
https://doi.org/10.61413/NLLJ4295Keywords:
cooperation, tax agreements, multilateral cooperation, League of Nations, resident, globalization, economic integration, tax liability, national legislation, UN model, OECD model, tax information exchange, tax audit, international tax controlAbstract
The expansion of relations between states and the convergence of the basic principles of taxation and the methods of developing tax policies have been underway since the 19th century. Double taxation agreements are bilateral arrangements that serve to harmonize the tax systems of the two countries involved and apply not only to organizations, but also to individuals engaged in cross-border trade and investment. In the absence of a tax agreement, income from cross-border transactions or investments may be subject to double taxation: first, in the country where the income is generated and, second, in the country where the recipient of the income is a resident. Tax agreements eliminate double taxation between the two countries by putting tax jurisdiction over income.
States are deploying and should continue to develop their experience in conducting simultaneous audits, joint audits, tax audits and dealing with cross-border issues in the field of taxation, especially double taxation and tax evasion, because all existing problems may be resolved through careful planning and open communication between states.
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