12.07.2015 Views

Part 1 - AL-Tax

Part 1 - AL-Tax

Part 1 - AL-Tax

SHOW MORE
SHOW LESS
  • No tags were found...

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Chapter 2●worldwide income and receives full credit against tax liabilities for alltaxes paid abroad, the regime tends to ensure the capital export neutrality.This means that the tax system will provide no incentives to invest at homerather than abroad, since the investors will face the same effective taxburden.Deduction system. <strong>Tax</strong>es paid in one state are allowable as deduction indetermining the tax base in the second state.41

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!