Basics of International Taxation - Part 1 - Introduction
“Taxation” is highly complex and intriguing subject. International Taxation due to its dynamic and ever-changing nature has always been a complex subject not only to study but to practice. Due to increase in cross border transactions, mergers and acquisitions, e-commerce, capital mobility and so on, the taxation laws have become more and more complex. This ever-increasing complexity in taxation laws of the global village has been a matter of consultations, dialogues, debate, discussions at various forums. The resultant of the same is identification of the concept of Base Erosion and profit shifting (BEPS) and the action points to resolve the issues. International Taxation is evolving in response to globalization, capital mobility and the increased trade in services. The progressive development that has taken place in recent years have allured the multi-national corporations to enter into all types of business and trade formats in India and be at its own or engaging through