You need the Flash 8 plugin to view this banner.
Bookmark and Share
Wednesday, June 19th 2019
You need the Flash 8 plugin to view this banner.
International
Register

Enter your email address to receive FREE global mediation news



Unsubscribe

Sponsors





Find out more >>


Featured Global Network Partner



Find out more >>

Find out more >>




Home > Country profiles > International > News > Detail



There are no Country Representatives yet for International, please contact us if you are interested - info@mediationworld.net




Preparing for a Tsunami of International Tax Disputes

Tuesday, 16th March 2016

"Recently, we published a Special Report in Tax Notes International, “Preparing for a Tsunami of International Tax Disputes.” The article can be accessed here. While there is near-universal agreement that the number of tax disputes is going to increase, existing international tax dispute resolution processes remain in serious need of improvement. A global consensus must be reached on a process for resolving worldwide tax disputes that appeals to all stakeholders. This article focuses on recent attempts by the Organisation for Economic Development (OECD), United Nations (UN) and international tax community to achieve such a consensus.

In short, the predictability of tax base results is a serious concern for countries and multi-national enterprises alike. The only realistic solution is to design a dependable and independent treaty-based dispute resolution process that accommodates the needs of all stakeholders. A foundation for this process has been provided by the inclusion of arbitration in both the OECD and UN model income tax treaties and its successful implementation in a few countries. Arbitration and alternative dispute resolution (ADR) have already evolved successfully in nontax government and commercial contexts. As with any such evolution, there have been both positive and negative experiences for countries and private parties. In the realm of international taxation, the development of these processes is in the early stages. It is important for all stakeholders in the tax arena to explore ways of using experiences from non-tax contexts to develop processes that can relieve emerging pressures relating to international taxation. To distinguish the international tax context from others, the new dispute resolution process could be referred to as the International Taxation Dispute Resolution Process (ITDRP), as suggested in the UN Secretariat Paper on Alternative Dispute Resolution in Taxation released on October 8, 2015."

Read further: 


Web-link: http://www.lexology.com/library/detail.aspx?g=526b42be-589f-4dcb-aaf5-601483ad21...
Source: McDermott Will & Emery
Language: English
Contact: Todd Welty, Mark P. Thomas, Laura L. Gavioli, P.C. and Cym H. Lowell


< Back