IBFD International Tax Glossary. Front Cover · International Bureau of Fiscal Documentation. IBFD, – Taxation – pages. Get this from a library! IBFD international tax glossary. [Julie Rogers-Glabush;]. international tax glossary by Julie Rogers-Glabush · IBFD international tax glossary. by Julie Rogers-Glabush; International Bureau of Fiscal Documentation ;.

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To this end the EU has issued directives in the area of indirect and direct taxation. Subjects Taxation — Encyclopedias. Residence in a state is a criteria for invoking a tax treaty of that state, and residence for treaty purposes involves considering the domestic law of residence for tax purposes, and then the requirements in Article 4 of the OECD Model, especially in the case of tiebreaker tests in cases of dual residence.

IBFD international tax glossary (Book, ) []

A tax holiday offers a period of exemption from income tax for new industries in order to develop or diversify domestic industries. You may send this item to up to five recipients. The extent of a person’s beneficial ownership of a particular asset.

As a general rule, with some exceptions, the right to tax income from dependent personal services is allocated to the country where the employment activities are exercised.

It typically includes expenses of the headquarters office and accounting expenses. In the second stage, any residual profit or loss remaining after the first stage division would be allocated among the parties tlossary on an analysis of the facts and circumstances that might indicate how this residual would have been divided between independent enterprises.


IBFD international tax glossary in SearchWorks catalog

Multilingual list of tax terms. Cookies are set by this site. The test determines that in such cases the company would, for treaty purposes, be resident in the state in which its place of effective management is situated. Please select Ok if you would like to proceed with this request anyway. Artificial schemes which create circumstances under which no tax or minimal tax is levied may be disregarded if they do not serve a “business purpose”.

Would you also like to submit a review for this item? Gglossary unique list of tax-related organizations in 40 countries, with brief descriptions and Internet addresses. Add a review and share your thoughts with other readers. A captive insurance company inetrnational usually established in a low-tax country. IBFD international tax glossary Author: It ijternational a certain percentage of the asset’s initial cost to the full depreciation write-off and is usually given in the year of acquisition or as soon as possible thereafter.

The individual owner is personally liable for all debts of the business. In many countries the gratuitous transfer of property is subject to a gift tax. An essential feature of such regimes is that they attribute a proportion of gllssary income sheltered in such companies to the shareholder resident in the country concerned. The portfolio interest exemption does not apply to bank loans made in the ordinary course of business.


This is called interhational super royalty provision.

IBFD international tax glossary

They take the form of additions to the tax and are assessed as part of the tax. A general partnership is characterized by the unlimited liability of the general partners for partnership debts.

The formula equally weights the payroll factor, property factor, and sales factor. An offshore or non-resident owned company is commonly used for intermational insurance, marketing abroad, international shipping and ibfv shelter schemes. Broadly speaking, it refers to the highest level of control of the business of a company.

Long-term capital gains may be taxed at reduced rates. In broader terms, in includes domestic legislation covering foreign income of residents worldwide income and domestic income of non-residents.

The IBFD International Tax Glossary is regarded as an authoritative resource for defining tax and tax-related terms by its thousands of users all over the world. Advanced Search Find a Library.

Forms are often provided by the tax authorities for this purpose. This can be either an incorporated venture or an unincorporated venture. It gives an employee the opportunity to benefit from the future success of the company when the market value of the shares increases over the predetermined option acquisition price. The E-mail Address es field is required.