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...Outline global taxation issues and challenges tax planning adam smith s canon of new concepts introduced summary discussions involved gain or profit from a business for whatever period time gains employment dividends interest discounts rents royalties premiums pensions annuities other periodical payments not falling under any the above literacy rates increase borderless world unlimited information although false social media facebook instagram whatsapp weechat introduction is series measure taken by taxpayer to manage his income sources with objective eliminating minimizing deferring but within ambit legislation commencement source test ascertain pre expenses company cessation including transfer pricing capital arm length transaction double agreement...