TAXATION OF INTERNATIONAL BUSINESS ORGANIZATIONS

Taxation is a contemporary economic issue that impacts on all the countries in the world. A majority of governments across the world finance their operations and support their nationals through revenue collection which comes in the form of taxes. Taxes are imposed both on individuals and body corporates operating within a particular territorial jurisdiction. Additionally, countries tax their citizens and parent organizations that operate in overseas countries. This article looks into the concept of taxation in international accounting. The study breaks down the broad topic into finer and understandable concepts. It does so through addressing the manner in which multinational business organizations and individuals working in overseas nations are taxed. Secondly, the journal looks into the issue of tax evasion and avoidance by these two categories of entities. The study is supported by both primary and secondary resource materials that are used as reference points for backing arguments. The primary approach used in the document is the extraction of data from the authentic governmental sources which is then analysed and related to the studied sources to form sensible arguments. The paper is organized in different sections starting with the introduction which gives the foresight of the entire content of the document. After the introduction there is the inclusion of methods used in accessing information and abstracting data to form understandable information. The final results of the research are indicated in the second-last section of the journal while the conclusion closes the paper in the end.