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	Tax Tax Treaty   Property Taxation: Depreciation Taxation of Profit Adjusted Basis Home Mortgage Interest and Points Deduction   1031 EXCHANGES Capital Gains Tax Corporate Tax Corporation Dividend Tax Double Taxation European Union Savings Taxation Homeowners exemption Foreign Investment in Real Property Tax Act. Flat Tax Principles of Income Tax Income taxes Inheritance Tax Installment Sales Poll Tax Progressive Tax Property taxes California Propositions Purposes and Effects of Taxation Retirement Tax Sales Tax Sales leaseback Tariff Tax Credit, Exemption Equivalent and Tax Tax Rates Tax Treaty Direct and Indirect Taxation Value Added Tax It is considered normal for a business or individual who is residing in one country to make a taxable gain (earnings, profits) in another country. This person often finds himself obliged by domestic laws to pay tax on the gain in another country locally, and pay again in the country in which the gain was made. Since this often results in losses and comes across as an unethical practice, many nations make bilateral Double taxation agreements with each other. Conventionally, this requires taxes to be paid in the country of residence and be exempted in the country in which it arises. In order to do this, the taxpayer must declare himself (in the foreign country) to be a non-resident there. Therefore the second aspect of the agreement is that the two taxation authorities must exchange information about such declarations, so as to be able to investigate any anomalies that might indicate an attempt to evade taxes.