AVOIDING DOUBLE TAXATION

AVOIDING DOUBLE TAXATION: 

Sen. Juan Edgardo “Sonny” Angara, chair of the Senate Subcommittee on the Philippines-Turkey Agreement for the Avoidance of Double Taxation, discusses with Turkish diplomats led by Turkish Second Secretary Davut Ocak the disadvantages of double taxation during a hearing Tuesday, Sept. 9. Double taxation arises when a person is subjected to tax on the same income by both the country where he resides and the country where he derives the income. (Photo by Albert Calvelo/09 September 2014)/MP