Double taxation refers to the taxation of the same income in both the home and host country. This can occur when an individual or business earns income in a foreign country and is also required to pay taxes on that income in their home country. As a result, the individual or business may end up paying more in taxes than if they were only subject to taxation in one country.

Solved

Double Taxation Is

Question 63

Multiple Choice

Double taxation is:

A) charging double taxes in the home country.
B) charging double taxes in the host country.
C) taxation of income in both home and host country.
D) paying income taxes at twice the normal rate.

Correct Answer: