The destination principle is a concept of international taxation which allows for value added taxes to be retained by the country where the taxed product is being sold. They are collected on imports and rebated on exports. This principle also is applied to the Goods and Services Tax of several countries like India. ...
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http://en.wikipedia.org/wiki/Destination_principle
The principle in international taxation that value added taxes be kept only by the country where the taxed product is being sold. Under the destination principle, value added taxes are collected on imports and rebated on exports. Contrasts with the origin principle.
Found on
http://www-personal.umich.edu/~alandear/glossary/d.html
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