Today businesses are going global. Multinationals do not hesitate to expand their businesses abroad and get listed on the overseas bourses. They look forward to invest or establish themselves in foreign countries. Therefore, for enhancing growth and success opportunities, it is vital that these companies understand the tax and regulatory policies of the country where they are operating. They need to stride through an interplay of cross-border taxes and regulations.
International taxation in simple words means the study of taxation system beyond the national level. With globalization, study of international taxation has become an integral part of doing business.s
International tax provisions like Double Tax Avoidance Agreement (DTAA) provide relief to individuals and businesses from the double taxation of income in domestic and foreign country.