Forgive me if I got the terminology wrong, but are there universal tax laws?

I mean... Tax laws from country to country differ, but is there a basic set of laws that is pretty much the same everywhere?

I'm asking because I'm trying to learn more about how taxes work n stuff,

And in different countries too,

But I was just wondering how many concepts are the same regardless of the country?

And what are those concepts?

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Elessar · 31-35, M

That'd require a single international body to enforce it, otherwise it would be completely useless. No such body exists.

However, that doesn't mean any country can do the f*ck it wants (in theory) because you may still have to honor treaties in order to trade with the biggest markets (US, EU, China)

* I'm a layman, this is my understanding of this whole thing

Elessar · 31-35, M

@Elessar * Markets, not markers ✍️ lol

Fishy · 36-40, F

@Elessar I'm more or less just trying to master the understanding of tax lol,
Especially when it comes to doing business overseas n such

By universal, I mean stuff like tax deduction is something that seems pretty universal (I think?)
Or its something that's done in a lot of countries,

I wanna gather as much that Australia has in common with other countries tax laws just to understand the fundamentals,

It's kinda like my shortcut into understanding how things work😬

Elessar · 31-35, M

@Fishy I have customers at work who themselves have foreign customers (and suppliers) and over here it's a matter of making a different type of invoice for each of them, and then a (quarterly) report with the sum of the invoices, all to be digitally signed and sent to the Italian government. I may be wrong, but I think when you login to the portal for the deduction you find it prefilled with those.

But bear in mind, in your country it's most probably wayyy simpler than the bureaucracy clusterf*ck we have here.