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In this video tutorial, the speaker discusses the concept of double tax treaties (DTA), which are agreements aimed at preventing the same income from being taxed in multiple countries. The speaker notes that Dubai has few tax treaties due to its low tax environment. Using an example of a business operating between Canada and the US, the tutorial explains that without a DTA, someone could face taxation in both countries on the same income, leading to double taxation. The DTA is designed to clarify tax responsibilities and prevent individuals or businesses from being doubly taxed on income earned in multiple jurisdictions.
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