A Multilateral Instrument for Updating the Tax Treaty Network.

Cover -- IBFD Doctoral Series -- Title -- Copyright -- Preface -- Abbreviations -- Introduction -- Chapter 1: Tax Treaties for the Avoidance of Double Taxation on Income and Capital -- 1.1. Introduction -- 1.2. Sovereignty of the states and their legal capacity to conclude tax treaties -- 1.3. Reasons for adopting sets of bilateral tax treaties instead of a worldwide multilateral tax treaty -- 1.3.1. The work of the League of Nations -- 1.3.2. The work of the OEEC, nowadays the OECD -- 1.4. Regional multilateral tax treaties -- 1.4.1. The regime for the avoidance of double taxation and the prevention of fiscal evasion among the member countries of the Andean Community -- 1.4.2. Convention between the Nordic Countries for the Avoidance of Double Taxation -- 1.4.3. The CARICOM Agreement -- 1.4.4. Rules for the Avoidance of Double Taxation and for Assistance in Tax Matters among the Member States of the West African Economic and Monetary Union -- 1.4.5. Common characteristics of the regional multilateral tax treaties -- 1.4.6. Advantages and disadvantages of regional multilateral tax treaties over bilateral tax treaties -- 1.5. Possibility to modify existing bilateral and regional multilateral tax treaties through a worldwide multilateral instrument -- 1.5.1. The Vienna Convention on the Law of Treaties -- 1.5.2. Proposals of scholars for modifying tax treaties within a multilateral framework -- 1.6. BEPS and the revival of the impetus for the conclusion of a multilateral tax agreement -- 1.7. Conclusions -- Chapter 2: The Concept behind the Multilateral Instrument -- 2.1. Introduction -- 2.2. The Multilateral Instrument builds on the current tax treaty network -- 2.3. Definition of Covered Tax Agreements -- 2.4. The Multilateral Instrument does not change the bilateral and reciprocal nature of the tax treaty network.

2.5. The parties to the Multilateral Instrument share a collective interest -- 2.6. The structure of the Multilateral Instrument and of its substantive provisions -- 2.6.1. The structure of the Multilateral Instrument -- 2.6.2. Structure of the substantive provisions of the Multilateral Instrument -- 2.7. Conclusions -- Chapter 3: The Relationship between the Provisions of the Multilateral Instrument and the Provisions of the Covered Tax Agreements -- 3.1. Introduction -- 3.2. Accumulation or conflict of treaty provisions -- 3.3. Treaty provisions and principles of international law as rules to resolve conflicts of treaty provisions -- 3.3.1. Compatibility clauses -- 3.3.2. Lex posterior principle -- 3.3.3. Lex specialis principle -- 3.4. The provisions of the Multilateral Instrument and the Covered Tax Agreements may accumulate or conflict -- 3.5. The approach adopted in the Multilateral Instrument -- 3.5.1. Compatibility clauses -- 3.5.1.1. Structure of the compatibility clauses -- 3.5.1.2. Description of the provisions of the Covered Tax Agreements -- 3.5.1.3. Effects of the compatibility clauses -- 3.5.1.3.1. In place of -- 3.5.1.3.2. Applies to/modifies -- 3.5.1.3.3. In the absence of -- 3.5.1.3.4. In place of or in the absence of -- 3.5.1.4. The lex posterior principle and the Multilateral Instrument -- 3.5.2. Notification clauses -- 3.5.2.1. Effects of the notification clauses -- 3.5.2.2. Procedural rules concerning notifications -- 3.6. Lex specialis principle and the Multilateral Instrument -- 3.7. Relationship with future tax treaties -- 3.8. Conclusions -- Chapter 4: Flexibility in the Multilateral Instrument -- 4.1. Introduction -- 4.2. Why flexibility in the Multilateral Instrument is important -- 4.3. Opting-in mechanisms -- 4.3.1. Meaning of opting-in mechanisms -- 4.3.2. List of Covered Tax Agreements.

4.3.3. Opting-in mechanisms in the Multilateral Instrument -- 4.3.4. Effects of opting-in mechanisms in the Multilateral Instrument -- 4.4. Alternative provisions -- 4.4.1. Meaning of alternative provisions -- 4.4.2. Alternative provisions in the Multilateral Instrument -- 4.4.3. Effects of the alternative provisions in the Multilateral Instrument -- 4.5. Opting-out mechanisms: Reservations -- 4.5.1. Meaning and legal effects of reservations -- 4.5.2. Meaning and legal effects of objections to reservations -- 4.5.3. Residual rules on reservations and objections provided in the Vienna Convention -- 4.6. Approach to reservations adopted in the Multilateral Instrument -- 4.6.1. Closed list of permitted reservations except for the scope of the mandatory binding arbitration procedure -- 4.6.2. Effects of the reservations in the Multilateral Instrument -- 4.6.2.1. Reservations are reciprocal -- 4.6.2.2. Notification of the provisions of Covered Tax Agreements under the scope of a reservation based on objectively defined characteristics -- 4.6.2.3. Reservations apply to all the Covered Tax Agreements of a reserving party unless the Multilateral Instrument provides otherwise -- 4.6.3. Procedural rules of the Multilateral Instrument concerning reservations and objections -- 4.7. Interaction between the different mechanisms that create flexibility and between those mechanisms and the compatibility and notification clauses -- 4.8. Conclusions -- Chapter 5: Future Changes to the Covered Tax Agreements and to the Multilateral Instrument -- 5.1. Introduction -- 5.2. Modification of the provisions of the Covered Tax Agreements and the provisions of the Multilateral Instrument -- 5.3. Modifications of the provisions of the Covered Tax Agreements -- 5.3.1. Withdrawal of reservations -- 5.3.1.1. Residual rules provided for in the Vienna Convention.

5.3.1.2. Withdrawal or replacement of reservations under the Multilateral Instrument -- 5.3.2. Withdrawal of opt-ins and withdrawal or replacement of alternative provisions under the Multilateral Instrument -- 5.3.3. Amendment of the provisions of the Covered Tax Agreements not modified through the Multilateral Instrument -- 5.4. Modifications of the provisions of the Multilateral Instrument -- 5.4.1. Interpretation of article 30 of the Multilateral Instrument with regard to the provisions of Covered Tax Agreements already modified through the Instrument -- 5.4.2. Are there grounds for an alternative interpretation of article 30 of the Multilateral Instrument? -- 5.4.3. Notifications of subsequent modifications -- 5.5. Amendment of the Multilateral Instrument -- 5.5.1. Amendment procedure provided in article 33 of the Multilateral Instrument -- 5.5.2. Alternative amendment procedures for multilateral treaties -- 5.6. Withdrawal from and termination of the Multilateral Instrument or the Covered Tax Agreements -- 5.6.1. Withdrawal from the Multilateral Instrument -- 5.6.2. Termination of the Multilateral Instrument -- 5.6.3. Termination of a Covered Tax Agreement -- 5.7. Conclusions -- Conclusions -- References -- Other Titles in the IBFD Doctoral Series.

A precise and in-depth analysis of the Multilateral Instrument and of how it impacts the tax treaty network by implementing the treaty-related BEPS measures.

Description based on publisher supplied metadata and other sources.

Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.