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NOTICE

The collection of which this work is the fifth volume contains the results of an enquiry undertaken under the auspices of the Fiscal Committee of the League of Nations. The purpose of that enquiry was to provide the Committee with the necessary documentation for the framing of a draft Convention for the Prevention of the Double Taxation of Business Income.1

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The work so undertaken involved, in the first place, a survey of the income tax law of a number of countries, with particular reference to the practice followed in each of them for the allocation or apportionment of the income of enterprises doing business in more than one country. The results of that part of the enquiry are published in the first three volumes of this collection.2

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A comparison of the data contained in these volumes dealing with the main problem involved, — i.e., the allocation of business income — is made by Mr Mitchell B. CARROLL, who had been entrusted with the enquiry, in a fourth volume3 which also outlines the authors practical conclusions as to the rules of allocation which would seem most adequate to prevent the double taxation of business income. The purpose of the present volume is to discuss some of the accounting aspects of the methods of allocation described in the preceding volume.

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