How has the globalisation of markets impacted international taxation?

Globalisation has had a significant impact on international taxation, as global markets continue to grow and become increasingly interconnected. Globalisation has created a much more complex taxation landscape, as governments, businesses, and individuals must interact across multiple jurisdictions with different tax rules. This can create a number of issues, from double taxation to difficult-to-navigate tax avoidance strategies. In New Mexico, for example, globalisation has led to companies relocating to avoid high taxes in their home countries. This has led to an increased need for international tax law to account for these changes, as well as the need to protect local markets from being undercut by foreign companies. This has created a complex web of agreements and regulations that are continually being updated in order to ensure a fair playing field between domestic and international companies. International taxation has also been impacted by technological advances, such as the increased use of online marketplaces, allowing companies to do business online and access global markets quickly and easily. This has created an even more complex taxation environment, as traditional conditions and borders are no longer limiting factors for doing business. Overall, globalisation has changed the landscape of international taxation significantly, creating a complex environment that is constantly changing and requiring increased levels of legal oversight. New Mexico’s international tax laws must be continually updated to account for these changes and ensure that both domestic and international businesses are playing by the same rules.

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How has the globalisation of markets impacted international taxation?

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