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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Ordinarily this basic return would be determined by twx to the market returns achieved for similar types of transactions by independent enterprises. An advance pricing arrangement may be unilateral involving one tax administration and a taxpayer or multilateral involving the agreement of two or more tax administrations.

The statement infd show the business’s assets in one column and its liabilities and owner’s equity in another column. This is called the super royalty provision. A number of countries have adopted special regimes to deal with cross-border reinsurance.

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As a general rule, the provisions of a tax treaty implemented domestically prevail over other domestic legislation. This structure has the effect of averaging out the rate of foreign tax paid. Bad debts may usually be treated as losses and written off against a reserve for such debts. Advanced Search Find a Library. Write a review Rate this item: The holder of common stock usually has a vote in deciding company affairs. The donee thereby becomes the owner of the property, but on the condition that the gift is revoked if the donor does not die.

Residence is the place where an individual lives for a certain period of time, while domicile is the place where an individual makes his permanent home. The E-mail Address es field is required. IBFD international tax glossary Author: Both treaty countries appoint a representative frequently the Ministry of Finance or its authorized representative as the CA to assist aggrieved taxpayers by acting as the official liaison with the foreign CA.

Rawlingdecided by the UK House of Lords ininvolved complicated tax avoidance scheme which were marketed in the UK in the s. The advantage of taking over a business as a going concern if it is operating profitably is usually recognized by a payment for goodwill as well as for other assets.


Information may only be used for tax purposes in the receiving country and it must be kept confidential, i. The Berry ratio is the ratio of a business’ gross income to operating costs.

Eurodollars are used by foreign banks as a method of financing loans to other local or foreign banks or to commercial borrowers. In the first stage, each participant is allocated sufficient profit to provide it with a basic return appropriate for the type of transactions in which it is engaged. Your request to send this item has been completed.

Usually this does not have treaty status, but the status depends on the document itself. International organizations, treaties and tax-related bodies — Appendix II: GROSS INCOME — Gross receipts, whether in the form of cash or property, of the taxpayer received as compensation for independent personal services, and the gross receipts of the taxpayer derived from a trade, business or services, including interest, dividends, royalties, rentals, fees or otherwise.

The role of tax authorities is to check perhaps in random cases that the taxpayer has correctly disclosed his income. There is usually a deduction for the individual himself, spouse, children and other dependents.

Sometimes referred to as capital gearing or leveraging. Please create a new list with a new name; move some items to a new or existing list; or delete some items. The income is then taxed at a single progressive rate. Free book sample with table of contents and sample chapter. Reciprocity is a basis for relieving a taxpayer under domestic law, e. The manufacturer uses the intangible property to produce tangible property which is then resold to the parent for distribution to internarional customers.

Expenses incurred by a taxpayer to provide for his family, former spouse or other relatives. This is equivalent to the tax on dividends which would be due if the branch had been a subsidiary see: 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.

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This treaty creates a single economic and monetary union EMU. S government that prints the regulations of the various governmental agencies. Such taxes are said to be shifted “backward” in the gloossary that entrepreneurs are forced to absorb some of new or increased tax. This term is used in international shipping where a ship’s country of registration is selected on the basis of country’s legal requirement and tax regime.


Residence in a state is a criteria for invoking a tax treaty gloszary that state, and residence for treaty purposes involves considering the domestic law of residence for tax purposes, and then intermational requirements in Article 4 of the OECD Model, especially in the case of tiebreaker tests in cases of dual residence.

A unique list of tax-related organizations in 40 countries, with brief descriptions and Internet addresses. In a mortgage that states an insufficient interest rate, tax law will impute a higher rate bifd a lower principal, which will increase taxes on the receipt of payment.

VAT normally utilizes a system of tax credits to place the ultimate and real burden of the tax on the final consumer and to relieve the intermediaries of any final tax cost. Julie Rogers-Glabush Find more information about: Linked Data More info about Linked Data.

Cancel Forgot inhernational password? Exemptions may be given for social, economic or other reasons.

IBFD international tax glossary in SearchWorks catalog

Rates are levied on the occupiers of real property on the basis of the annual rental value of the property.

Preview this item Preview this item. The mechanism is essentially one of adjusting payments, profits, gains, taxable income brackets, tax allowances, etc. By virtue of the Union Treaty, the former European Economic Community has been extended with additional goals and powers in order to become a single market in a European Union.

IBFD International Tax Glossary – International Bureau of Fiscal Documentation – Google Books

A general partnership is characterized by the unlimited liability of the general partners for partnership debts. For tax purposes, a protocol is signed and ratified by the parties in addition to an existing tax treaty. The primary types of derivatives include forward contracts, futures, options and swaps.