tax harmonization

tax harmonization
The process of increasing the compatibility of various taxation systems by limiting the variations between them. The main areas of difference in taxation are the tax base and the rates of tax applicable. There is often strong resistance to tax harmonization between independent states as, by setting limits within which the tax rates can be set, the authority of individual governments is eroded. The level of taxation is often a cornerstone of government policy.

Accounting dictionary. 2014.

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