International Taxation <DIRECT ✦>

: 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

OECD Model Tax Convention : Favors capital-exporting (developed) countries. 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

: Countries tax their residents on worldwide income , regardless of where it is earned. INTERNATIONAL TAXATION

: Allow taxpayers to reduce their domestic tax liability by the amount of taxes paid to a foreign government.