Category: Tax Law

  • Customs Transit

    The condition of merchandise that is transiting the customs territory of a nation without having been released from customs jurisdiction. Goods in customs transit are processed under an in transit entry at the time they enter the United States; the in transit, or I.T., entry is effected by filing wi…

  • Customs Transit

    The condition of merchandise that is transiting the customs territory of a nation without having been released from customs jurisdiction. Goods in customs transit are processed under an in transit entry at the time they enter the United States; the in transit, or I.T., entry is effected by filing wi…

  • Tax Law

    Other Popular Tax Definitions in the World Legal Encyclopedia Adjusted Gross Income (sometimes, including Tax Law) Ad Valorem Tax (sometimes, including Tax Law) Alternative Minimum Tax (sometimes, including Tax Law) Big Four (audit firms) (sometimes, including Tax Law) Black Market […]

  • Tax Law

    Other Popular Tax Definitions in the World Legal Encyclopedia Adjusted Gross Income (sometimes, including Tax Law) Ad Valorem Tax (sometimes, including Tax Law) Alternative Minimum Tax (sometimes, including Tax Law) Big Four (audit firms) (sometimes, including Tax Law) Black Market […]

  • Export Subsidy

    Summary of Export Subsidy A direct payment, tax relief, or other incentive provided by a government to encourage export sales. The use of such devices is apt to be regarded as undesirable by the importing nation and may result in the imposition of Countervailing Duties (read this legal term […]

  • Export Subsidy

    Summary of Export Subsidy A direct payment, tax relief, or other incentive provided by a government to encourage export sales. The use of such devices is apt to be regarded as undesirable by the importing nation and may result in the imposition of Countervailing Duties (read this legal term […]

  • Customs Union

    Summary of Customs Union An arrangement among participating countries whereby tariffs are eliminated or virtually eliminated on products moving between members, and a common external tariff (read this and related legal terms for further details) is adopted to provide uniform treatment to […]

  • Customs Union

    Summary of Customs Union An arrangement among participating countries whereby tariffs are eliminated or virtually eliminated on products moving between members, and a common external tariff (read this and related legal terms for further details) is adopted to provide uniform treatment to […]

  • Double Taxation

    Summary of Double Taxation The condition that arises when a multinational firm is taxed on overseas income in both the source country and the country of the corporation's domicile. This problem arises because nations use varying systems of taxation. Recognizing that double taxation is […]

  • Reference Price

    A mechanism of the Common Agricultural policy (read this and related legal terms for further details) of the European Economic Community designed to prevent disruptive import competition for certain vegetables, fruits, f…

  • Tax Evasion

    Tax evasion is when someone has deliberately misled us about their activities to reduce their tax liability, or have not paid tax that is due. tax evasion is escaping payment by illegal means. This is obviously unlawful and is usually a criminal offence Tax evasion is when a person or a […]

  • Tax System

    Summary of Forced Tax System A practice applied in some countries (most notably in Europe) in which corporate income taxes are computed by a governmental agency. Unlike the American system, under which the firm prepares its own return and computes its tax liability (subject to subsequent […]

  • Flag of Convenience

    Flag Of Convenience Summary of Flag Of Convenience Registration of a vessel in a country other than that of the ship's owners, because the registering nation affords the owners tax or other benefits not available in the home country.(Main Author: William J. Miller) […]

  • PwC

    PwC or PricewaterhouseCoopers Official History PricewaterhouseCoopers was created on 1 July 1998 by the merger of two firms – Price Waterhouse and Coopers & Lybrand – each with historical roots going back some 150 years. Set out below are some key milestones in the history of both firms. 1849 Samuel Lowell Price sets up in…

  • International Taxation

    Jurisdiction and Impact of National Treatment This section provides an overview of jurisdiction and impact of national treatment within the legal context of Tax Law as an Issue of International Economic Law in international economic law (Main Regulatory Areas). International Taxation in […]