What are the key principles of international taxation?
An example of an AI chatbot conversation about international taxation principles and regulations.
What are the key principles of international taxation?
The key principles of international taxation include residence, source, and the arm's length principle.
Can you explain the residence principle?
The residence principle taxes individuals and entities based on their residency status, typically where they are domiciled.
What is the arm's length principle?
The arm's length principle ensures that transactions between related parties are priced as if they were between unrelated parties.
How do double tax treaties work?
Double tax treaties prevent the same income from being taxed in two different countries, providing tax relief.
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