User talk:C.K.MURTHY

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The problem of double taxation

What is double taxation

Every state is interested in tax net as wide as possible to increase its revenue either immediately or at a later if the need arises. In its enthusiasm to all the available taxable resources, sometimes more than one state would try to tax the same incomes or other resources provided their respective jurisdiction permit this. This gives rise to ‘double taxation’. Double taxation, in other words , is the case where, two or more states concurrently tax the same tax-payer on account of the same subject matter of tax (such as income, property, etc.) The fact of double taxation generally arises on account of conflicting criteria adopted by different countries to levy the taxes. A country generally wants to tax the incomes and other resources of its subjects irrespective of where they are, while it also wants to tax income, etc., originating within its territorial jurisdiction even when it accrues to foreigners(subject of other government). As a result, an economic unit, being subject of one government and getting its income from another country, may be subjected to a taxation by both the governments. This will be called double taxation. Firstly, two are more governments may enter into an agreement whereby it is ensured that the same subject matter is not taxed by two governments. This solution is called avoidance of double taxation. Secondly, two governments may enter into an agreement whereby the economic units liable to double taxation are provided partial relief. In this case, it may be recognized that each country has the right to tax its own subject and also the incomes originating from within its boundaries, but when a foreign economic unit has been taxed by host country, the home government would take that fact into account and would reduce its own tax bill to some extent. It is obvious that this relief from double taxation would generally be smaller than the one obtainable under avoidance of double taxation. Of course, nothing prevents a government from granting a tax relief to its subject obtainable under a possible ‘avoidance of double taxation’ agreement. Another point to be noted is this. In the case of avoidance of double taxation, only one country imposes a tax on one subject matter. In the case of double taxation relief, one country imposes taxation at full rates and the other country at a reduce rate Thirdly, a country may decide to give unilateral relief to its own italeats even when on tax agreement exists with other countries. In such cases, the home government would normally estimate the tax liability on that income on the assumption that income originated within the home country. Out of this tax liability, the tax said to the foreign government would be deducted and the balance would be billed as additional tax liability. The tax bill of the home government would be zero only if the tax bill of the foreign government exceeds or is equal to the 'unreliefed' tax bill of the home country. Thirdly, a country may decide to give unilateral relief to its own italeats even when on tax agreement exists with other countries. In such cases, the home government would normally estimate the tax liability on that income on the assumption that income originated within the home country. Out of this tax liability, the tax said to the foreign government would be deducted and the balance would be billed as additional tax liability. The tax bill of the home government would be zero only if the tax bill of the foreign government exceeds or is equal to the 'unreliefed' tax bill of the home country. By november 1976, india had entered into comprehensive agreements for the avoidance of double taxation of income with twelve countries including austria, belgium, germany, france, japan, u.k. And other several countries. An important objective in negotiating tax treaties with developed countries is to stimulate inflow of capital, technology, and personnel for accelerating economic development by removing those tax barriers which might inhibit such inflow. And the incidence of double taxation is quite a strong impediment in the way of inflow of foreign investment.

Your submission at Articles for creation: sandbox (September 3)

Your recent article submission to Articles for Creation has been reviewed! Unfortunately, it has not been accepted at this time. Please check the submission for any additional comments left by the reviewer. You are encouraged to edit the submission to address the issues raised and resubmit when they have been resolved.

If you would like to continue working on the submission, go to User:C.K.MURTHY55/sandbox and click on the "Edit" tab at the top of the window.
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Revent^talk 03:47, 3 September 2014 (UTC)[reply]

Hello! C.K.MURTHY, I noticed your article was declined at Articles for Creation, and that can be disappointing. If you are wondering or curious about why your article submission was declined please post a question at the Articles for creation help desk. If you have any other questions about your editing experience, we'd love to help you at the Teahouse, a friendly space on Wikipedia where experienced editors lend a hand to help new editors like yourself! See you there! Revent^talk 03:47, 3 September 2014 (UTC)[reply]

October 2014

Hello, I'm Dawn Bard. I wanted to let you know that I undid one or more of your recent contributions to Talk:Main Page because they appeared to be promotional. Advertising and using Wikipedia as a "soapbox" are against Wikipedia policy and not permitted. Take a look at the welcome page to learn more about Wikipedia. Thank you. Dawn Bard (talk) 17:56, 8 October 2014 (UTC)[reply]

Hello, and welcome to Wikipedia. We appreciate your contributions, but for legal reasons, we cannot accept copyrighted text or images borrowed from other web sites or printed material, and as a consequence, your addition will most likely be deleted.

You may use external websites as a source of information, but not as a source of sentences. This part is crucial: say it in your own words.

If the external website belongs to you, and you want to allow Wikipedia to use the text—which means allowing other people to modify it—then you must include on the external site the statement: "I, (name), am the author of this article, (article name), and I release its content under the terms of the GNU Free Documentation License, Version 1.2 and later, and under the terms of the Creative Commons Attribute Share-Alike".

You might want to look at Wikipedia's policies and guidelines for more details, or ask a question at the Help Desk. You can also leave a message on my talk page. Materialscientist (talk) 23:22, 8 October 2014 (UTC)[reply]

Your draft article, User:C.K.MURTHY/sandbox

Hello, C.K.MURTHY. It has been over six months since you last edited your WP:AFC draft article submission, entitled "sandbox".

The page will shortly be deleted. If you plan on editing the page to address the issues raised when it was declined and resubmit it, simply edit the submission and remove the {{db-afc}} or {{db-g13}} code. Please note that Articles for Creation is not for indefinite hosting of material deemed unsuitable for the encyclopedia mainspace.

If your submission has already been deleted by the time you get there, and you want to retrieve it, you can request its undeletion by one of two methods (don't do both): 1) follow the instructions at WP:REFUND/G13, or 2) copy this code: {{subst:Refund/G13|User:C.K.MURTHY/sandbox}}, paste it in the edit box at this link, and click "Save page". An administrator will in most cases undelete the submission.

Thanks for your submission to Wikipedia, and happy editing. Rankersbo (talk) 13:18, 3 July 2015 (UTC)[reply]