Domestic remedies are unilateral legislative measures that grant tax breaks for a certain type of report or tax for certain categories of persons or income. This was followed by the elimination of double taxation between independent sovereign states and the first double taxation convention signed in 1899 between Prussia and the Austro-Hungarian monarchy. In 1932, the United Nations Society, the forerunner of today`s United Nations, published an official report proposing concrete solutions to avoid double taxation: this implies the deduction by the State of residence of the tax calculated on the basis of all taxable income (domestic income and foreign income) for tax paid abroad. There are two situations: the partial credit method and the global credit method. . . .
- October 5, 2021