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Explain the Worldwide and Territorial Approaches of National Taxation

question 32

Essay

Explain the worldwide and territorial approaches of national taxation. The authors state that the United States uses both approaches. How can this be? Give an example of each taxation approach.


Definitions:

Statutory Law

The body of law derived from statutes enacted by legislative bodies.

International Law

A body of rules and principles that governs the relations and conduct of nations and international organizations.

Paralegals

Professionals trained in subsidiary legal matters who work under the supervision of lawyers to assist in various legal tasks.

Jurisdiction

The official power to make legal decisions and judgments.

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