International taxation refers to the system of tax rules that govern how countries tax individuals and businesses that operate across borders. It involves the assessment of taxes on income, profits, and assets that may be earned or held in different countries. This area of taxation is crucial for ensuring that tax obligations are met while avoiding double taxation, where the same income is taxed by multiple jurisdictions. Countries often enter into treaties, known as Double Taxation Agreements, to clarify tax responsibilities and reduce the risk of double taxation. These agreements help facilitate international trade and investment by providing a clear framework for how taxes will be applied. Understanding international taxation is essential for multinational corporations and individuals with cross-border financial activities.