In this article we will discuss about imputation system of taxation in various countries. The imputation system taxes a company and then grants a partial or full dividend credit to the shareholders against the corporate tax paid by the company. The shareholders claim the imputed credits and either offset them against their own tax liability or receive a refund. This [...]
Company Shareholder Taxation:: Under the classical or separate system of taxation, the company's profits are taxed without any distinction between distributed and undistributed profits. The after-tax profits are taxed again in the hands of the shareholders (corporate or individual) when paid as dividends. As a result, the same profits are taxed twice: first at the corporate level and again when [...]
In this article we will discuss about International Tax Structures:- 1. Introduction to International Tax Structures 2. Examples of Tax-beneficial Structures 3. Forms of Business Entity 4. Financing of Overseas Entities. Introduction to International Tax Structures: Global tax management (e.g., planning) provides an opportunity to develop cross-border tax strategies to optimise global tax liabilities while adhering to all applicable laws. [...]