The Resource Die rechtliche Relevanz von BEPS im Lichte der Wiener Vertragsrechtskonvention = The legal relevance of BEPS in light of the Vienna Convention on the Law of Treaties

Die rechtliche Relevanz von BEPS im Lichte der Wiener Vertragsrechtskonvention = The legal relevance of BEPS in light of the Vienna Convention on the Law of Treaties

Label
Die rechtliche Relevanz von BEPS im Lichte der Wiener Vertragsrechtskonvention = The legal relevance of BEPS in light of the Vienna Convention on the Law of Treaties
Title
Die rechtliche Relevanz von BEPS im Lichte der Wiener Vertragsrechtskonvention = The legal relevance of BEPS in light of the Vienna Convention on the Law of Treaties
Creator
Subject
Language
eng
Summary
Although probably most of the base erosion and profit shifting (BEPS) Action Plan proposals require implementation through enacted legislation, a substantive part of these proposals is just designed to shed more light on how to apply existing law. Such proposals are ready for immediate application. This is notably true for the revision of the OECD Transfer Pricing Guidelines (TPG). These guidelines reflect the harmonized view of OECD Countries on how they interpret the arm's length principle of Art 9 of the OECD Model Convention contained in their bilateral tax treaties, as well. The interpretation of tax treaties is governed by the general interpretation rules of the Vienna Convention on the Law of Treaties (VCLT). One of these rules requires that the subsequent practice of treaty parties concerning the interpretation of their treaties has to be taken into account. The general agreement of OECD Member states on the BEPS revision of the OECD TPG reflects the practice of their governments and tax administrations on how they understand and apply the arm's length principle in their tax treaties. By virtue of the VCLT, the contracting states (i.e. not only their governments, but also their courts) are legally bound to take such subsequent practice "into account". As a consequence, it would not be right to disregard the BEPS revision just by claiming that it has no legal force. Hence, although the BEPS update of the OECD TPG is not, strictly speaking, legally binding, nevertheless it exerts legal impact in the course of interpretation. The author analyses in more detail the interrelation between the VCLT and the OECD work
Citation source
In: Steuer und Wirtschaft International. - Wien. - Vol. 26 (2016), no. 9 ; p. 436-443
http://library.link/vocab/creatorName
Loukota, H
Geographic coverage
International
Language note
German
http://library.link/vocab/subjectName
  • OECD
  • BEPS Project (OECD)
  • Vienna Convention on the Law of Treaties
  • treaty interpretation
Label
Die rechtliche Relevanz von BEPS im Lichte der Wiener Vertragsrechtskonvention = The legal relevance of BEPS in light of the Vienna Convention on the Law of Treaties
Instantiates
Publication
Label
Die rechtliche Relevanz von BEPS im Lichte der Wiener Vertragsrechtskonvention = The legal relevance of BEPS in light of the Vienna Convention on the Law of Treaties
Publication

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