: 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
: 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
: Countries tax income generated within their borders , regardless of the taxpayer's residence. Mitigating Double Taxation : : An OECD-led initiative to close gaps in
UN Model Tax Convention : Provides more taxing rights to "source" (developing) countries. : INTERNATIONAL TAXATION
: Allow taxpayers to reduce their domestic tax liability by the amount of taxes paid to a foreign government.