The Issue Of International Taxation Essay

1072 WordsDec 7, 20165 Pages
International taxation is one of the most pressing global topics in the world today. Tax regulations was one of the most pressing topics in the recent United States presidential campaign. The reason that people are so concerned with taxation is because it affects many aspect of society. Taxes affect how much money employees are able to take home. The government is concerned with taxes because it is hoe it generates revenue to fund governmental programs. The Mariam Webster dictionary defines a tax as “a compulsory contribution to state revenue, levied by the government on workers ' income and business profits or added to the cost of some goods, services, and transactions.” Therefore, a tax is any contribution levied by a government for some types of transaction. In addition, taxes are not unique to any particular country. The type of taxes and tax rates that are utilized in countries may vary. However, every government in the world use taxes as a means of generating revenue in order to fund governmental activities. With the spread of globalization, countries were able to engage in business transactions with other countries across the globe. Therefore, major corporations began to conduct more business activities in other countries. As a means of regulating its counter trade and business global regulatory organization were established. Organizations such as the World Trade Organizations are designed to allow a uniform and fair trade among countries. However, a tax is
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