Fundamentally,there are two types of tax jurisdiction.

Question

Quizplus · Accepted Answer

The two main types of tax jurisdiction are worldwide and territorial. Worldwide taxation is where a country taxes its residents' worldwide income, regardless of where the income was earned. Territorial taxation is where a country only taxes income earned within its borders. This differentiation is important for individuals and businesses to understand when they are determining their tax obligations in different countries.

Fundamentally,there Are Two Types of Tax Jurisdiction