Global Income
/ˈɡloʊbəl ˈɪnkəm/
Definitions
- (n.) The total worldwide income of an individual or entity, often used in tax law to determine taxable earnings from all jurisdictions.
The taxpayer's global income must be reported to comply with international tax regulations.
Forms
- global income
Related terms
See also
Commentary
Global income is crucial in cross-border tax assessments, especially for residents taxed on their worldwide earnings versus nonresidents taxed on source income.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.