International Taxation - Overview. The Big Picture The globalization of trade and investment profoundly affects the practices and policies of international taxation.
Tax advisers, tax professors, and government tax officials increasingly operate in a multinational world in which knowledge of only domestic rules is inadequate. For those who expect international tax law to play an important role in their professional careers, there is no better preparation and prestige than the LLM in International Taxation from NYU. The program provides full-time, foreign-trained students a firm grounding in the US international tax system and offers multiple courses that reflect the globalization of tax law principles and practices. International taxation. Many governments tax individuals and/or enterprises on income.
Such systems of taxation vary widely, and there are no broad general rules. These variations create the potential for double taxation (where the same income is taxed by different countries) and no taxation (where income is not taxed by any country). Income tax systems may impose tax on local income only or on worldwide income.