Thinker, Teacher, Traveller.

Format:

Book

Author/Creator:

Kofler, Georg.

Contributor:

Mason, Ruth.

Rust, Alexander.

Language:

English

Subjects (All):

Double taxation.

Taxation--Law and legislation.

Taxation.

Genre:

Festschriften.

Physical Description:

1 online resource (717 pages)

Edition:

1st ed.

Other Title:

Thinker, Teacher, Traveller

Place of Publication:

Amsterdam : IBFD Publications USA, Incorporated, 2021.

Summary:

The scholarly contributions to this Festschrift reflect David Rosenbloom's significant influence on international taxation and its community, both academic and professional.

Contents:

Intro

Title

Copyright

Preface

Chapter 1: FATCA - A Curse or a Blessing?

1.1. Introduction

1.1.1. Early stage: US inquiries

1.2. FATCA

1.2.1. FATCA asymmetries

1.2.2. 2009 Protocol amending the 1996 DTC

1.2.3. Group requests: The interaction between IGA Model 2 and the 2009 Protocol amending the 1996 DTC

1.2.4. Group requests as part of the 2009 Protocol amending the 1996 DTC

1.3. How FATCA spread throughout the world

1.4. Conclusion

1.4.1. Looking into the crystal ball

Chapter 2: Reciprocity as a Fundamental Principle of Tax Treaties: Meaningless Platitude, Interpretive Guideline or Misguided Policy?

2.1. Introduction

2.2. The principle of reciprocity in international law

2.3. The role of the principle of reciprocity in tax treaties

2.3.1. The OECD and UN Models

2.3.2. Reservations

2.3.3. Non-reciprocal provisions in tax treaties

2.3.4. References to the principle of reciprocity in the Commentaries on the OECD and UN Models

2.4. What does the principle of reciprocity mean for purposes of tax treaties?

2.5. The role of reciprocity in the interpretation of tax treaties

2.6. Conclusion

Chapter 3: Tax Treaty Arbitration: A Reassessment

3.1. Background

3.2. Article 25(5) OECD Model

3.3. UN Model Treaty

3.4. BEPS Action 14: More effective dispute resolution mechanisms

3.5. BEPS Action 15: Multilateral Convention to Implement Tax Treaty Related Matters

3.5.1. Basic structure of the arbitration procedure under the MLI

3.5.2. Appointment of arbitrators

3.5.3. Confidentiality of arbitration proceedings

3.5.4. Type of arbitration process

3.5.5. Relation of MLI arbitration to domestic legal remedies

3.5.6. Country reservations and options regarding the MLI provisions

3.6. Amount C of the Unified Approach

3.7. Where do we go from here?.

Chapter 4: Globalization, Tax Competition and the Fiscal Crisis of the Welfare State: A Twentieth Anniversary Retrospective

4.1. Introduction

4.2. The decline of the ITR, 1980-2008

4.3. The impact of the Great Recession: FATCA, CRS, BEPS, ATAP and TCJA

4.4. The future: A revival of the welfare state or the end of globalization?

Chapter 5: The Morality - or Immorality - of International Tax Planning

5.1. Introduction

5.2. What happened?

5.3. Words matter

5.4. Corporations versus individuals

5.4.1. Nationality or residence

5.4.2. Deferral

5.4.3. Minimizing tax nexus

5.4.4. Interest deductions

5.4.5. Transfer pricing

5.4.6. Loss planning

5.4.7. Other individual tax planning

5.5. How do we think about morality?

Chapter 6: Double Taxation Relief under the OECD Model: Time to Update?

6.1. Introduction

6.2. Background on article 23

6.3. Possible areas for review in article 23 guidance

6.3.1. Economic double taxation of parent-subsidiary dividends

6.3.2. Scope of the guidance on the resolution of conflicts of qualification

6.3.3. Deference to the residence state's calculation of the amount of income for which relief is required

6.3.4. The treatment of losses

6.3.5. Issues arising from commonly used treaty variations

6.4. Conclusion

Chapter 7: The Legislative Role of Tax Regulations - A Plea in the Time of Pandemic

7.1. Introduction

7.2. Delegated regulatory authority

7.3. Illustrations of the problem

7.3.1. Branch rule for foreign base sales company income (FBCSI) - vintage provides no immunity from challenge

7.3.2. The struggle between principles or standards and methods or rules - Section 482

7.3.3. SPIAs - Fixed rules have a place

7.3.4. Regulations to fill legislative "gaps"

7.3.5. Regulations to address treaties

7.4. Conclusion.

Chapter 8: A Good Example? The Increasing Use of Examples in the OECD Model Commentaries

8.1. Introduction

8.2. The painter example

8.3. The increasing use of examples in the OECD Commentaries

8.4. Why examples?

8.5. Why examples in the Commentaries?

8.5.1. Illustrations and examples that add nothing to the rules

8.5.2. Unrealistic examples

8.5.3. Examples that shape the contours of the rules

8.5.4. Examples that address specific actions or taxpayers

8.6. Conclusion

Chapter 9: Wouldn't It Be Nice: Reimagining US Taxation of Outbound Investment

9.1. Introduction

9.2. Principles

9.2.1. Integrated incrementalism

9.2.2. Predictability

9.2.3. Sector agnosticism

9.2.4. Symmetry for portable assets at home and abroad

9.2.5. Structural agnosticism

9.2.6. Limitation to economic income

9.2.7. Hierarchical authorities

9.2.8. Consistent treatment of shareholders

9.2.9. Transition rules

9.3. Outlines of a proposal

9.3.1. Special rate on foreign-derived active income

9.3.2. Mechanics

9.3.2.1. CFCs

9.3.2.2. US corporations and US branches of a foreign corporation

9.3.2.3. Foreign branches of a US corporation

9.3.3. Active/passive distinction

9.3.3.1. Consolidated approach

9.3.3.2. Integration of hedges

9.3.3.3. Gain on sale

9.3.4. Foreign tax credits

9.3.5. Robust high-tax exclusion

9.3.6. US versus foreign-derived active income

9.3.7. Distributions

9.3.8. Individuals

9.3.9. Residual lockout effects

9.3.10. Definition of US shareholders

9.4. Conclusion

Chapter 10: Attribution Across Borders - From CFC Rules to Pillar Two

10.1. Introduction

10.2. Background and personal reflection

10.3. The Pillar Two GloBE proposal in a nutshell

10.4. CFC rules and Pillar Two's GloBE IIR - Similarities.

10.5. CFC rules and Pillar Two's GloBE IIR - Differences

10.6. Conclusion

Chapter 11: Taxation of Cryptocurrency: Emerging Inconsistencies and Challenges in the United States and Brazil

11.1. Introduction

11.2. Classification of cryptocurrency for tax purposes

11.3. Taxation of cryptocurrency - US citizens and resident individuals

11.4. Cryptocurrency transactions - Brazilian resident individuals

11.5. Brief remarks on the application of double tax conventions

Chapter 12: Transfer Pricing Money bis

12.1. Introduction

12.2. Chevron and Glencore cases

12.2.1. Chevron appeal

12.2.2. Glencore case

12.2.3. Assessment of Chevron and Glencore

12.3. OECD final guidance on financial transactions

12.4. Debt-equity and transfer pricing

12.4.1. Debt-equity - An international consensus?

12.4.2. Debt-equity and transfer pricing - The Australian experience

12.4.3. Debt-equity and the 2020 OECD Transfer Pricing Guidance on Financial Transactions

Chapter 13: Taxing Business Profits - A Historical UK Perspective

13.1. Introduction

13.2. The legislative background

13.3. The judicial landscape

13.3.1. F L Smidth &amp

Co v Greenwood

13.3.2. Firestone Tyre &amp

Rubber

13.4. Conclusion

Chapter 14: Notes on Equal Treatment and Non-Discrimination - The OECD Model Convention: Is there a Need for a Change?

14.1. Introduction

14.2. Fairness, neutrality and non-discrimination

14.3. The non-discrimination provisions under article 24 OECD Model

14.4. Alternatives to article 24 OECD Model and UN Model

14.5. Where to go from here?

Chapter 15: Why Optimal Unilateral Tax Strategies are a Prerequisite for Multilateral Cooperation in the Era of BEPS

15.1. Tax neutralities and ideal-type national strategies

15.2. The paradox of self-defeating tax strategies of countries.

Chapter 16: Arbitration after BEPS

16.1. Introduction

16.2. Background: BEPS Action 14 Making Dispute Resolution More Effective

16.2.1. Part VI Arbitration: MLI

16.2.2. Adoption of mandatory arbitration in the MLI

16.3. Pillar One and mandatory binding dispute resolution measures

16.4. Challenges to implementing tax arbitration in the European Union

16.4.1. International tax and importance of EU law

16.4.2. Tax arbitration in the European Union

16.4.2.1. Bilateral arbitration mechanisms (and the ECJ as arbitrator)

16.4.2.2. The Arbitration Convention

16.4.2.3. The Tax Dispute Resolution Directive

16.4.3. Legal limitations to "outsourcing" DTC dispute resolution

16.4.3.1. Procedural aspects: EU fundamental rights protection

16.4.3.2. Institutional aspects

16.4.3.3. Material aspects: State aid

16.5. Conclusion

Chapter 17: Global Minimum Taxation (GloBE): What Is It About and What Could be a European Answer?

17.1. Introduction

17.2. New stance on tax competition?

17.3. The need to relate the GloBE rules to existing BEPS measures

17.4. How should the European Union react to a Pillar Two model legislation?

17.4.1. Chances and need of an EU GloBE tax directive?

17.4.2. GloBE and the EU proposal of a CCCTB

17.4.3. GloBE and the EU ATAD

17.4.4. GloBE and the EU freedoms

17.5. Conclusion

Chapter 18: Then and Now

18.1. Introduction

18.2. Back then

18.3. How US MNEs have changed since then

18.4. Current perspective on international tax policy issues

18.5. Conclusion

18.6. Appendix

Chapter 19: Transfer Pricing: History, Lessons and Experiences as a Litigator

19.1. Prologue

19.2. Global history of transfer pricing

19.2.1. 1995 OECD Transfer Pricing Guidelines

19.2.2. 2010 OECD Transfer Pricing Guidelines.

19.2.3. 2017 OECD Transfer Pricing Guidelines in a post-BEPS 1.0 world.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

90-8722-716-7

OCLC:

1273972728