Tax matters

As they fulfil their mandates, the subcommittees and working groups are dissolved by the Committee. Make recommendations on capacity-building and the provision of technical assistance to developing countries and countries with economies in transition; 5. The Committee has relied heavily on its subcommittees and working groups for its work, especially in relation to updating the UN Model.

Inthe Group of Experts finalized the United Nations Model Double Taxation Convention between Developed and Developing Countries, whose aim was to promote the conclusion of treaties between developed and developing countries, acceptable to both parties and would fully safeguard their respective revenue interests.

Governments often introduce tax incentives to promote investment, employment and economic growth; we will seek to benefit from such incentives, where available and consistent with our business.

Tax matters

Therefore, the Group of Experts examines, transfer pricing; mutual assistance in collection of debts and protocol for the mutual assistance procedure; treaty shopping and treaty abuses; interaction of tax, trade and investment; financial taxation and equity market development; tax treatment of cross-border interest income and capital flight; and taxation of electronic commerce. Methods of work The Committee formulated its working methods during its first session. As they fulfil their mandates, the subcommittees and working groups are dissolved by the Committee. Our approach to tax planning is conservative and consistent with the principles set out in our Code of Conduct. It recommended that subcommittees should use electronic communications where possible, but recognized that the efficient operation of these subcommittees may in future require some face-to-face meetings. In , the Group of Experts finalized the United Nations Model Double Taxation Convention between Developed and Developing Countries, whose aim was to promote the conclusion of treaties between developed and developing countries, acceptable to both parties and would fully safeguard their respective revenue interests. The subcommittees and working groups focus during the year on certain issues related to the Model and then present options, including specific wording for review and adoption by the Committee during its annual sessions. In determining the tax treatment of a particular transaction or activity we adopt reasonable and well grounded tax choices and interpretations. Related Topics. Governments often introduce tax incentives to promote investment, employment and economic growth; we will seek to benefit from such incentives, where available and consistent with our business. The Committee has relied heavily on its subcommittees and working groups for its work, especially in relation to updating the UN Model. Consider how new and emerging issues could affect international cooperation in tax matters and develop assessments, commentaries and appropriate recommendations; 4.

We manage these risks by identifying and assessing them internally and seeking advice from established and reputable tax advisors where appropriate. Methods of work The Committee formulated its working methods during its first session.

essay on tax matters

Relationship with tax authorities Relationship with tax authorities We aim to build and maintain an open and constructive relationships with all competent tax authorities and to resolve any dispute matters through collaborative discussion.

We seek to respond promptly to any enquiries or request from tax authorities. Our approach to tax planning is conservative and consistent with the principles set out in our Code of Conduct. Provide a framework for dialogue with a view to enhancing and promoting international tax cooperation among national tax authorities; 3.

The Committee has relied heavily on its subcommittees and working groups for its work, especially in relation to updating the UN Model. Membership, composition and term of office The Committee comprises 25 members nominated by Governments and acting in their expert capacity. In light of the size and complexity of our business, risks may arise in relation to interpreting complex tax legislations.

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