DOUBLE TAXATION

AUTHOR– SURBHI RASHMI, STUDENT AT LLOYD LAW COLLEGE, GREATER NOIDA

Best Citation – SURBHI RASHMI, DOUBLE TAXATION, ILE TAXATION LAW AND LEGAL STUDIES (ILE TLLS), 1 (1) of 2023, Pg. 10-14, APIS – 3920 – 0024 | ISBN – 978-81-961120-5-9.

ABSTRACT

Double taxation refers to the imposition of taxes on the same income or asset by more than one jurisdiction. This phenomenon poses significant challenges for multinational corporations and individuals engaged in cross-border transactions, often leading to increased costs and reduced efficiency. This article provides an in-depth analysis of double taxation, examining its causes, consequences, and solutions.The article begins by exploring the various forms of double taxation, including both economic double taxation and juridical double taxation, highlighting their implications on international business operations. It investigates the primary causes of double taxation, such as divergent tax systems, conflicting tax residency rules, and limited coordination among countries. Overall, this article serves as a comprehensive resource for understanding double taxation and its impact.