Bank finance articles and tips

This article will examine what Double Tax Treaties (DTTs) are and evaluate how they can be of great assistance in reducing or in some cases even eliminating tax. Double Tax Treaties are created to prevent double taxation as the name suggests. Double taxation would be a huge disincentive to business activities in a particular country if that business were to be taxed in both the country of residence and the country of source. However, these treaties open up a vast array of legislation that can be used in tax planning for tax avoidance and are used by the World's best Tax Experts in devising tax plans....