BNET Business Dictionary
Business Definition for: Double Taxation Relief
- a reduction of tax payable in one country by the amount of tax on income, profits, or capital gains already paid in another country
Additional Resources
- Puzzles Over International Taxation of Cross Border Flows of Capital Income
- This article discusses the tax treatment of trans-border capital income, focusing on prevailing arrangements rather than de novo design of optimal tax arrangements. These comprise unilateral relief's from double taxation under credit or exemption systems, and treaty relief's largely following the OECD model treaty which jointly lower withholding tax rates...
- White papers 2001-12-01
- Estate Tax Relief Or Political Illusions?(Economic Growth and Tax Relief Reconciliation Act of 2001)(Brief Article)
- With their repeal of estate taxes, Congress and the administration have made it nearly impossible for us to help our clients develop prudent and reliable estate plans. We could argue whether estate taxes are just. But that's different discussion. This is not a philosophical...
- Research articles 2001-09-03
- Buyers and sellers: tax strategies for buying and selling businesses
- Among its many provisions, the Jobs and Growth Tax Relief Reconciliation Act of 2003 reduces the tax costs of selling a business. CPAs can maximize the tax benefits for their clients through careful tax structuring of the selling entity; transferring the selling entity's assets; and properly allocating the purchase...
- Research articles 2005-03-01
- [420] Tax treaty relief from Australian interest withholding tax for US or UK financial institutions: final ruling.(Brief Article)
- Apr 04, 2005 (Weekly Tax Bulletin - ABIX via COMTEX) The Australian Taxation Office ATO issued Draft Ruling TR 2004/D16 back in September 2004. The document covered the topic of interest paid to certain US and UK financial institutions, and in what circumstances an...
- Research articles 2005-04-04
- Notice 2008-3
- Creditability of Mexican Single Rate Business Tax The Internal Revenue Service IRS and the Treasury Department are evaluating the impuesto empresarial a tasa unica IETU, a single rate business tax recently adopted by Mexico effective January 1, 2008, to determine whether it is a creditable income tax under Article 24(1)...
- Research articles 2008-01-14
- Competently negotiating the U.S. competent authority process
- Introduction The competent authority process has received extensive consideration recently as corporate tax departments have begun reviewing their transfer pricing in light of the Financial Accounting Standards Board Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48). In measuring the potential benefit of transfer pricing tax positions...
- Research articles 2007-05-01
