Author : Aldo Forgione
Publisher :
ISBN 13 : 9780494395288
Total Pages : 342 pages
Book Rating : 4.3/5 (952 download)
Book Synopsis Tax Paradox of a Rich Developing Country by : Aldo Forgione
Download or read book Tax Paradox of a Rich Developing Country written by Aldo Forgione and published by . This book was released on 2007 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization and electronic commerce have increased the significance of Canada's choice of jurisdictional threshold for taxing multinational businesses. In the realm of global income taxation, national tax systems and bilateral tax conventions work together to allocate multi jurisdictional tax claims among nations. International tax laws must strive to resolve competing tax claims in a fair and economically sound manner. The principle of inter-nation equity requires an equitable allocation of global tax revenues among nations. While the permanent establishment concept constitutes an entrenched international legal norm, its continued use as the threshold for allocating income tax claims will likely exacerbate revenue disparities among nations, particularly in the digital economy. Electronic commerce provides the impetus for Canada to consider a source-friendly nexus for the taxation of global business income.