TaxesBrackets Imputed income Vertical equity Income splitting Revenue neutrality Tax declaration
Corresponding adjustment
When a tax administration makes a primary adjustment in one tax jurisdiction, the tax liability of the associated enterprise may also be adjusted in a second jurisdiction. This is known as a secondary adjustment, and it ensures that the allocation of profits between the two jurisdictions remains consistent. Essentially, it is a way to prevent double taxation and promote fairness in multinational transactions. This concept is important for businesses to understand in order to properly navigate international tax regulations and avoid any potential legal issues.
Related terms
Understand the meaning and definition of Brackets in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Imputed income in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Vertical equity in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Income splitting in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Revenue neutrality in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Tax declaration in the context of stock market, trading, and investments.
MORE
Explore other categories
10 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments
Get the link to download the App
