International Taxation Louisville: International taxation is a broad study of tax determination of an individual or a company or business in order to the tax laws of respective country and the worldwide aspects of an individual country’s tax laws. There are two systems to tax income
In the territorial system, income whose origin is the sources within the country is being taxed. In the residential system, citizens of the country are taxed on their whole income whether local or foreign means of income. However, some of the countries also tax their nonresident inhabitants on their whole income.
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