Tax Treaty

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Tax Treaty

A treaty between two countries governing double taxation and other matters when a company or individual owes taxes to both countries. Tax treaties are written because double taxation with no exceptions could result in a decrease in trade between the two countries. Most countries (except tax havens) have entered into tax treaties with their trading partners and others. A tax treaty is also called a bilateral tax agreement.
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Post death taxes Your estate may be taxed in both jurisdictions, although again a double taxation treaty may assist.
Protecting your place in the sun; Foreign property and succession/tax issues - John Grundy, partner and private tax specialist at Mills & Reeve, gives his four point plan
Only income taxes are covered under a double taxation treaty. In the case of the United States, Social Security tax is excluded, because it is a payroll tax.
Double tax treaties the basics and benefits
The article then briefly examines threats to the sustainability of bilateral double taxation treaty networks: (a) electronic commerce; (b) financial engineering; (c) tax competition; (d) Directives by the European Union Commission and the interpretation of the Treaty on European Union ('EU Treaty') (3) by the European Court of Justice ('ECJ'); (e) transfer pricing problems; and (f) the lengthy time periods needed to modify an entire double taxation treaty network.
Twilight of the Neanderthals, or are bilateral double taxation treaty networks sustainable?
<p>"In accordance with....[an] agreement between the United States and Switzerland, the IRS will submit a request for administrative assistance pursuant to the existing US-Switzerland Double Taxation Treaty to the Swiss Federal Tax Administration (SFTA).
No more secrets?
There is also a double taxation treaty in place with Britain, which ensures British retirees in Cyprus are safeguarded from paying tax in both countries.
A new life in the sun
Countries A and B entered a double taxation treaty, which eliminates
The quest to tax interest income in a global economy: stages in the development of international income taxation
Citgo was bought in 1990 without PDVSA bothering to negotiate a double taxation treaty with the US.
VENEZUELA - The System
They have access to Botswana's expanding double taxation treaty network (at present South Africa, UK, Mauritius, Sweden, France, Zimbabwe, Namibia, India and Russia).
A bridge into Africa: the Botswana International Financial Services Centre is broadening its activity base and expects to become, among other things, the bridge between international companies wishing to do business with nations north of the Limpopo and the countries themselves
Tax Treaties: Yes; double taxation treaty with the United Kingdom
Isle of Man
This knowledge may be helpful for visitors who are non-UK resident and unable to reclaim taxes via a double taxation treaty, or for those who would prefer to pay a small commission on the spot than reclaim the tax on their return.
When you need a punters' friend
The surprising answer is: read the relevant double taxation treaty.
Double indemnity: one of the main problems with trading across borders in Europe is the likelihood that your firm will be taxed both at home and abroad. But there is a way around it. (Tax)
10, 11 and 12, respectively) if (1) the ultimate beneficial owners of more than 30% of the corporation's voting stock are residents of that CS qualified for treaty benefits; and (2) the ultimate beneficial owners of more than 70% of the voting stock are (a) residents of that CS or (b) residents of a member of the KU, European Economic Area or parties to NAFTA, provided that such persons are entitled to benefits under a double taxation treaty between the CS from which the payment is made and the CS of residence providing a reduced withholding tax similar to (or exceeding) the one applicable under this treaty.(149)
Current income tax treaty developments

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