Limitation on Benefits Clauses in Double Taxation Conventions

Limitation on Benefits Clauses in Double Taxation Conventions

by Felix Alberto Vega Borrego
     
 

In accordance with Article 22 of its 1996 Model Treaty, most double taxation conventions entered into by the United States contain a number of rules called limitation on benefits clauses, the purpose of which is to prevent the application of the benefits of the treaties to treaty shopping structures. Following the changes in the Commentaries on Article 1 of the

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Overview

In accordance with Article 22 of its 1996 Model Treaty, most double taxation conventions entered into by the United States contain a number of rules called limitation on benefits clauses, the purpose of which is to prevent the application of the benefits of the treaties to treaty shopping structures. Following the changes in the Commentaries on Article 1 of the OECD Model Tax Convention in 2003, a number of clauses similar to those provided in the United States Model Treaty have been included.

In this study, the legal framework and application of these rules is analysed in depth, and particularly, taking into account those rules included in the double taxation conventions concluded between the United States and European Union member states. In this respect, the compatibility of these rules with European Community Law is also analysed in the last chapter.

This study is based on the authors doctoral thesis, which was awarded the prize for the best doctoral thesis on financial and tax law by the Spanish Instituto de Estudios Fiscales (Ministerio de Economia y Hacienda) in 2002.

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Product Details

ISBN-13:
9789041123701
Publisher:
Kluwer Law International, BV
Publication date:
12/28/2005
Series:
EUCOTAX Series on European Taxation Series Set Series
Pages:
322
Product dimensions:
6.14(w) x 9.21(h) x 0.75(d)

Table of Contents

Ch. 1Taxation of non-residents and international tax planning through DTC5
Ch. 2Subjective scope of double taxation conventions and limitation on benefits clauses39
Ch. 3Legal framework and application of limitation on benefits clauses113
Ch. 4Limitation on benefits clauses and EC law237

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