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A German citizen residing in Chile with investment income in Austria might be taxed by Germany, Chile, Austria. Required: 1. Explain 3 bases for taxation

A German citizen residing in Chile with investment income in Austria might be taxed by Germany, Chile, Austria.

Required:

1. Explain 3 bases for taxation by governments. Identify the appropriate basis that Germany, Chile, Austria can base to tax the German citizen's investment income.

2. What is the name of the situation in which all 3 countries (Germany, Chile and Austria) tax the German citizen’s investment income. Explain one possible impact of this situation on the investor's investment decision.

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