Tax Treaty Evolution: Shaping Future Global Business and Tax Policies
Nations use taxes to fund their activities, but with global trade, it's tricky to decide who should be taxed and how. Tax treaties help avoid double taxation. Different countries have different tax policies, and it's important to understand them to make good treaties. The US has changed from exporting capital to importing it, so its tax treaties have evolved. China and some Latin American countries have different tax policies. The US might need to update its tax treaties based on these changes.