The movement from old level of expenditure and taxation to a new and higher level is called:
Displacement effect
In the Peacock–Wiseman hypothesis, the displacement effect is a shift to a higher accepted level of taxation and public expenditure after a major disturbance, such as war. Spending may not fully return to its earlier level when the disturbance ends.
Important Questions from International Taxation - Teaching
ADEN Rules, 1953 is related to which of the following?
1. Tax exemption
2. Residential status
3. Double taxation relief
4. Assessment of corporate entity
Match the following countries with the types of Double Taxation Avoidance Agreement signed by India with them:
Country
Type of Agreement
(a)
Austria
(i)
Limited Agreement
(b)
Bahamas
(ii)
Comprehensive Agreement
(c)
Lebanon
(iii)
Comprehensive Agreements / limited
Multilateral Agreementd)
Sri Lanka
(iv)
Tax Information Exchange Agreement
Choose the correct option from those given below
