- Year of Publication: 2020
- ISBN: 0
Course Duration:
188 minutes comprising of 4 episodes
Course Background:
As you are aware, international taxation refers to the global tax rules that apply to transactions between two or more countries (also called States) in the world. It encompasses all tax issues arising under a country’s income tax laws that include some foreign element.
International taxation also supports other objectives of domestic tax systems. These objectives normally include measures, (1) to promote fairness by imposing equal tax burdens on domestic and foreign taxpayers with equal income and ability to pay, regardless of the source of the income; (2) to enhance domestic competitiveness through fiscal measures and to promote economic growth; (3) to obtain a fair share of the revenues from cross-border transactions; and, (4) to ensure an equitable balance between capital export and capital import neutrality.
What shall the course cover?
Against this backdrop, Taxsutra is delighted to present to you yet another riveting “Micro-Learning” series on the theme of “Basics of International Taxation” with Mr. PVSS Prasad (Chartered Accountant).
In this course, Mr. Prasad has touched upon an array of topics which includes the following:
|
Part |
Episode Coverage |
|
I |
Overview of International Taxation
· Setting the Context – What are the Core Principles of International Taxation? · How Countries across the world adopt these principles when cross border transactions happen? · Why do we need Double Tax Avoidance Agreements? |
|
II |
Principles of International Taxation · What is International Taxation? · Concept of Capital Export/Import Neutrality · Why does double taxation Occur? · Genesis of DTAAs · Principles underlying international tax law & Treaties · Sources of International tax law · Purpose of DTAA
|
|
III |
Structure of DTAA: · Look at the Model Conventions (OECD, United Nations & USA) · Provisions governing the scope – Person who is eligible to access the DTAA, taxes covered, period of operation of DTAA · Definition Provisions & Substantive provisions · Provisions for elimination of double tax · Anti-Avoidance Provisions |
|
IV |
How, When and Steps Involved in Operation of DTAAs: · Look at the Distributive Rules · Priority/Ordering Rules · Stages- Life of DTAA · Interpretation of Treaties · Brief look into basic concepts such as Beneficial Ownership, Limitation of Treaty Benefits, Transfer Pricing, Thin capitalization & Non Discrimination · Domestic Tax Provisions & Landmark Cases |
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
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- Year of Publication: 2020
- ISBN: 0
Course Duration:
188 minutes comprising of 4 episodes
Course Background:
As you are aware, international taxation refers to the global tax rules that apply to transactions between two or more countries (also called States) in the world. It encompasses all tax issues arising under a country’s income tax laws that include some foreign element.
International taxation also supports other objectives of domestic tax systems. These objectives normally include measures, (1) to promote fairness by imposing equal tax burdens on domestic and foreign taxpayers with equal income and ability to pay, regardless of the source of the income; (2) to enhance domestic competitiveness through fiscal measures and to promote economic growth; (3) to obtain a fair share of the revenues from cross-border transactions; and, (4) to ensure an equitable balance between capital export and capital import neutrality.
What shall the course cover?
Against this backdrop, Taxsutra is delighted to present to you yet another riveting “Micro-Learning” series on the theme of “Basics of International Taxation” with Mr. PVSS Prasad (Chartered Accountant).
In this course, Mr. Prasad has touched upon an array of topics which includes the following:
|
Part |
Episode Coverage |
|
I |
Overview of International Taxation
· Setting the Context – What are the Core Principles of International Taxation? · How Countries across the world adopt these principles when cross border transactions happen? · Why do we need Double Tax Avoidance Agreements? |
|
II |
Principles of International Taxation · What is International Taxation? · Concept of Capital Export/Import Neutrality · Why does double taxation Occur? · Genesis of DTAAs · Principles underlying international tax law & Treaties · Sources of International tax law · Purpose of DTAA
|
|
III |
Structure of DTAA: · Look at the Model Conventions (OECD, United Nations & USA) · Provisions governing the scope – Person who is eligible to access the DTAA, taxes covered, period of operation of DTAA · Definition Provisions & Substantive provisions · Provisions for elimination of double tax · Anti-Avoidance Provisions |
|
IV |
How, When and Steps Involved in Operation of DTAAs: · Look at the Distributive Rules · Priority/Ordering Rules · Stages- Life of DTAA · Interpretation of Treaties · Brief look into basic concepts such as Beneficial Ownership, Limitation of Treaty Benefits, Transfer Pricing, Thin capitalization & Non Discrimination · Domestic Tax Provisions & Landmark Cases |
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
