Tax Treaty
/ˈtæks ˈtriːti/
Definitions
- (n.) A bilateral or multilateral agreement between countries to avoid double taxation and prevent fiscal evasion.
The tax treaty between the US and Canada eliminates double taxation on cross-border income.
Forms
- tax treaties
Related terms
See also
Commentary
Tax treaties are critical in international tax law and should clearly define residency, sources of income, and mechanisms for dispute resolution to avoid ambiguity.
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.