All Direct and Indirect taxes accompanied by tax laws, accounting, auditing and tax returns, can be abolished if a new tax system called “TOP Tax system” is adopted and implemented by all nations. TOP Tax system will relieve 7 billion people of the world from the cobweb of ambiguous and...

When a debtor goes bankrupt and limited assets have to be divided between competing creditors, should unpaid taxes owed to the government be paid before the debts owed to other creditors? This Article defends the notion that some tax debts should be awarded priority. Insofar as bankruptcy...

Though electronic commerce has created immense opportunities for the trade, it has given rise to various challenges with respect to levy of tax on cross border digital transactions. It was important to arrive at a common solution for taxing digital economy by all the countries involved and thus...

The current pilot reform in China based on the merger of the business tax applied to the supply of services and the value added tax (VAT) on the supply of goods has attracted considerable attention abroad. Much discussion has focused on the details of tax rules and policies behind the pilot...