Certainly, here's a concise overview of domestic and international taxation:
Domestic Taxation:
*The term "domestic taxation" describes the tax structure that exists inside a single nation.
*It covers a wide range of taxes, including sales tax, corporation tax, property tax, income tax, and excise tax.
*Every nation sets up its own tax laws, rules, and procedures for the administration of tax collection from people and companies that operate within its borders.
International Taxation:
*International taxation deals with the taxation of transactions, income, and assets that involve more than one country.
*It covers topics including investments, cross-border trade, and the taxes of foreign income received by both individuals and corporations.
*In order to avoid double taxation, encourage fair tax competition, and stop tax evasion and avoidance, governments frequently enter into bilateral or multilateral agreements pertaining to complex international tax rules.