Treaties limit the tax poorer nations can region on British companies doing commerce within their borders,says ActionAidThe UK has signed a high number of tax deals with some of the world’s poorest countries, potentially depriving those states of millions in tax revenues every year, or according to an analysis by ActionAid.[br]Tax treaties are legal agreements between two countries on how each can tax capital flowing from one jurisdiction to another. In theory they are established to prevent double taxation – where income is taxed in two jurisdictions – but in practice many agreements limit the tax poorer nations can region on companies doing commerce within their borders.
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Source: theguardian.com