12 Practical Guidelines for Managing Tax Treaty Arbitration.

Mutual Agreement Procedure (MAP) provisions in OECD and UN-styled tax treaties do not mandate that the disputes arising from the application of the treaty provisions actually be settled. These clauses merely require that the two tax authorities use their best endeavours. For some tax payers this ‘toothless’ provision has seen their claims in such a… More 12 Practical Guidelines for Managing Tax Treaty Arbitration.

Ireland Has Friends in High Places!

(Image:www.defenders.ca) Ireland is not a tax haven and has never been one! So says the secretary-general of the Organization for Economic Co-operation and Development (OECD), Dr Angel Gurria. Seriously??!! Dr Gurria was responding to an announcement made in Brussels that investigations into the tax systems of Ireland, the Netherlands and Luxembourg are to be carried… More Ireland Has Friends in High Places!

Why is Mongolia Cancelling its Tax Treaties?

Don’t blame the IMF. True, one of their technical assistance teams,in a November 2012 report, completely rewrote Mongolia’s model tax treaty and cautioned that its existing treaties – in particular the one with the Netherlands – were “problematic” and recommended “immediate action” be taken because the agreements were costing the government much needed tax revenue;… More Why is Mongolia Cancelling its Tax Treaties?

Whatever Happened to Iceland: The Poster-Child of National Financial Ruin?

Four years after Iceland let its banks fail by refusing to underwrite US$85billion in debt representing six times the country’s gross domestic product; the country’s economy has grown by 3% this year and expects a budget surplus by 2013. In addition, compared to other European countries affected by the 2008 financial crisis unemployment in Iceland… More Whatever Happened to Iceland: The Poster-Child of National Financial Ruin?