Some of the spontaneous questions that arise when we talk about taxation need to be addressed and understood so as to do justice with the cause. One might question as to why we have the system of taxation? Why can’t the earners be let to enjoy the fruits of
their labour? The answer lies in comprehending the broader prospective, that is welfare of
the entire nation. Revenue collected by the government is utilized for the purpose of carrying out the process of national development. Non collection of revenue may help a few individuals to grow richer day by day, but the poor will have no place to seek refuge. The dissatisfaction will subsequently lead to reversal of the pages of history.
One of the most technical questions posed by Globalization is the determination of
Tax bases.
1. Whether tax should be imposed on worldwide income in the country of its incorporation or
2. Assessed on the basis of income that can be attributed to a particular territory so that the nation where the profit is earned gets a right to levy tax.
The tax analyst world wide have laid down numerous contentions in support of the above mentioned policies however an utopian regime is yet to be arrived at. It is still a source of contention embodying vehement academic and political debates across the globe? With increasing number of Corporations indulging in cross border trade, the essence of existing domestic rules of taxation is proving to be ineffective that has so far ruled the respective Sovereign arena. It becomes all the more debatable and difficult to evolve any international consensus since one country’s loss is another countries gain and no country can be 本文来自辣.文,论-文·网原文请找腾讯324,9114 on the principle of good faith. Various Bilateral & Multilateral Treaties, Conventions, Principle of reciprocity and Good faith are the manifestations of efforts of the nations to establish an order amongst the equals; however this doesn’t seem to have resolved the issue. In this age of e-commerce determination of loops that lead to tax evasion is becoming all the more complicated.
上一页 [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] ... 下一页 >>