global tax system

The global tax system refers to how different countries collect taxes from individuals and businesses to fund public services and infrastructure. Each nation has its own tax laws and rates, but international agreements aim to prevent tax evasion and double taxation. Companies operating in multiple countries often face complex rules to determine where they should pay taxes. In recent years, there’s been a push for more transparency and cooperation among nations to ensure fair taxation, particularly regarding digital businesses and multinational corporations. This aims to create a more equitable financial system worldwide.