E-commerce Strategies
Double taxation refers to the taxation of the same income or financial transaction by two different jurisdictions, often occurring when an individual or business operates in multiple countries. This can lead to a significant financial burden, as entities may be required to pay taxes on the same income to both their home country and the country where they earn that income. Double taxation complicates international trade and investment, making compliance with various tax regulations essential for businesses operating across borders.
congrats on reading the definition of double taxation. now let's actually learn it.