Taxation — International

: Allow taxpayers to reduce their domestic tax liability by the amount of taxes paid to a foreign government.

: Countries tax their residents on worldwide income , regardless of where it is earned. INTERNATIONAL TAXATION

International taxation involves the rules and principles governing how income, profits, and taxable activities are taxed when they cross national borders. The primary goal is to allocate taxing rights between countries fairly while preventing double taxation. Taxing Rights & Jurisdiction : : Allow taxpayers to reduce their domestic tax

: Designed to prevent taxpayers from deferring tax on mobile income by shifting it to foreign "controlled" corporations. INTERNATIONAL TAXATION