41. Unlike most countries, the United States taxes corporate income worldwide. 42. GCC countries impose limited taxes on companies and banks but do not tax individual income. 43. Higher incomes will be taxed more under progressive taxation which will replace the flat-rate tax. 44. The US federal government, and most other countries, treat a subsidiary of a multinational corporation as a separate company and tax its income only. 45. The US Federal government and most other countries, on the other hand treat a subsidiary of a multinational corporation as a separate company and tax its income only. 46. No date has been set yet to tax income earned in Cuban pesos. 47. The coalition declaration confirms the intention to tax pensioners on the principle that all income should be taxed. |