Chapter 1 - Introduction to Taxation
This is a chapter from the Bloomsbury Professional book Principles of International Taxation, 3rd Edition, which provides a clear introduction to international taxation as well as some more in-depth material on many essential areas of the subject. Whilst using some examples from the UK tax system, the book presents its material in a global context, explaining the variety of approaches used around the world to deal with the key issues that arise in international tax. The third edition covers such areas as interpretation of double tax treaties, company residence after Smallwood and from credit to exemption method - the 2009 UK tax reforms. The text uses simple examples and diagrams throughout and gives lists of further reading, making it suitable for academic as well as professional use.