Results for tag: "Apportionment Rule"

Apportionment Rule is a legal concept that refers to the process of allocating a portion of a company's profits or losses to different jurisdictions for taxation purposes. It is based on the principle that a company should pay taxes in the jurisdiction where it earns its profits. The apportionment rule is used to determine the amount of taxes a company must pay in each jurisdiction. It is based on the company's total profits, the amount of business activity conducted in each jurisdiction, and the applicable tax rates. The apportionment rule is an important concept in international taxation, as it helps to ensure that companies pay their fair share of taxes in each jurisdiction. It is also used to prevent companies from avoiding taxes by shifting profits to jurisdictions with lower tax rates. Companies in the apportionment rule market include tax advisors, accounting firms, and legal firms that specialize in international taxation. These companies provide advice and assistance to companies on how to comply with the apportionment rule and other international tax regulations. They also provide services such as tax planning, tax compliance, and tax dispute resolution. Show Less Read more