The following points highlight the top six anti-avoidance measures for taxation. The measures are: 1. Exchange of Information 2. Transfer of Tax Residence and Exit Taxes 3. Exchange Controls 4. Branch Profits Tax 5. Use of Tax Havens 6. Anti-EC Directive Shopping Legislation. 1. Exchange of Information: The controls over international tax avoidance and evasion suffer from inadequate information on [...]
The upcoming discussion will update you about the difference between tax evasion and tax avoidance. Difference # Tax Evasion: Tax evasion implies an intention to avoid payment of tax where there is actual knowledge of liability. It usually involves deliberate concealment of the facts from the revenue authorities, and is illegal. Evasion does not generally require an intention to evade, [...]
In this article we will discuss about:- 1. Introduction to Anti-Avoidance Doctrines 2. Common Law for Anti-Avoidance Doctrines 3. Civil Law 4. Various Countries. Introduction to Anti-Avoidance Doctrines: International tax avoidance is also affected by the interpretations of judicial bodies in various countries. The practice varies considerably. The Courts in many countries take a literal view towards statutory interpretation. Many [...]