global taxation

Global taxation refers to the rules and agreements that govern how countries tax income and assets that cross borders or belong to individuals and companies operating internationally. It aims to prevent double taxation and ensure fair sharing of tax revenue among nations. Countries often collaborate through treaties and international organizations to set standards, share information, and address issues like tax evasion. While each country maintains its own tax system, global taxation addresses the challenges of taxing multinational businesses, digital economies, and cross-border transactions, promoting fairness and stability in the international financial system.