International - Taxation

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

: Requires transactions between related entities (e.g., a parent company and its foreign subsidiary) to be priced as if they were between independent parties to prevent profit shifting. Key Instruments & Models INTERNATIONAL TAXATION

: An OECD-led initiative to close gaps in international tax rules that allow multinational enterprises to artificially shift profits to low or no-tax locations. International business | Internal Revenue Service : Allow taxpayers to reduce their domestic tax

: Bilateral agreements that determine which country has the primary right to tax specific types of income (e.g., dividends, interest, royalties). INTERNATIONAL TAXATION