International Tax Laws

International tax laws govern how countries tax individuals and businesses that operate across borders. They address issues like double taxation, where the same income is taxed by multiple countries, and set rules for income reporting and taxation rights. Treaties between countries help resolve these conflicts and promote fair tax practices. Key concepts include transfer pricing, which involves pricing transactions between related entities in different countries, and tax havens, which are jurisdictions with low or no taxes. Understanding these laws is crucial for compliance and optimizing tax obligations in a global economy.