Income Splitting

Income Splitting means:
a term that generally refers to a married couple filing a joint return; may also refer to giving income property to children, or using multiple trusts or multiple business entities in an effort (not necessarily successful) to achieve lower tax rates or threshold amounts.

See also other Tax Terms and Definitions in U.S.A.

joint return.

U.S. and other Developed Countries International Tax Meaning

A number of arrangements, the essential feature of which is that income, which would have been taxed at a higher rate in the hands of the person who derived it, is taxed in the hands of another person at a lower rate.

See Tax Rate and Tax Rate.