What potential problem does the varying approach to taxing jurisdiction among countries present?

Name: What potential problem does the varying approach to taxing jurisdiction among countries present?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The varying approach to taxing jurisdiction among countries may lead to double taxation, where the same income or asset is taxed in both the countries. This can affect businesses and individuals adversely, as it reduces their net income and may discourage cross-border investments and trade.

What Potential Problem Does the Varying Approach to Taxing Jurisdiction