Welcome to the Taxation Facts website
Welcome to the Taxation Facts website. Our site has been created with the intention of providing a one stop portal for Taxation Facts, where interested parties can find all the information and links they need. Many international businesses are subject to tax from different countries on the same income, but equally there are situations in which they are not subject to any taxation, from any country. They may make use of tax loopholes by studying the system itself and finding the clauses in individual government’s tax systems which enable them to pay less or no tax in that particular jurisdiction. But typically international corporations are subject to both local tax as well as on the global level. Some governments will also offer tax reductions or exemptions, as well as tax credits, in order to motivate corporations to do business within their boundaries.
Most self-employed individuals and corporations, international or otherwise, make changes to the structure of their income, in order to reduce the amount of tax they are liable to pay. But there are strict laws and safeguards within most tax systems that regulate this ability to redirect the structure of your income to reduce the amount that is taxable. These rules are commonly understood by expert tax experts and legal professionals, whose services self-employed individuals and corporations can employ to help them navigate the tricky world of taxation. Compliancy with tax laws is not negotiable, but there are different avenues you can take to ease your tax burden. We are always happy to hear your views and feedback regarding the Taxation Facts website.