TAXES AND GRASS ROOT FOUNDATIONS OF BUSINESS ISSUES

TAXES AND GRASS ROOT FOUNDATIONS OF BUSINESS ISSUES

What taxes will my company face abroad ? taxes are an area in which states fiercely retain their nations rights. A.S.companies pay taxes to the country in which the income is earned and receive tax credits in the Asia States on taxes paid abroad. Credits in the Asia states are limited by a ceiling determined by the ratio of foreign profits to total profits.

 

Because of differing tax rates it is often advantageous for a company to have as much income taxed abroad as possible.

TAXES AND GRASS ROOT UNIVERSAL ISSUES

There are no universal international laws governing the levy of taxes on companies that do business across national boundaries. However the taxation polices of the home and host nations can have both negative and positive effects on a company. Tax systems are exceedingly varied among nation-states especially regarding who and what gets taxes. The India has 40 such agreements in place. There are no multilateral tax agreements in place as of yet. However,"the Model Double taxation convention on income and capital, approved by the organization for economic cooperation and development in 1977,has been influential as a guide to countries in bilateral negotiations which has the long term destination in global market.

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