The Resource The principal purpose test (PPT) in BEPS Action 6 and the MLI : exploring challenges arising from its legal implementation and practical application
The principal purpose test (PPT) in BEPS Action 6 and the MLI : exploring challenges arising from its legal implementation and practical application
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The item The principal purpose test (PPT) in BEPS Action 6 and the MLI : exploring challenges arising from its legal implementation and practical application represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.This item is available to borrow from 1 library branch.
Resource Information
The item The principal purpose test (PPT) in BEPS Action 6 and the MLI : exploring challenges arising from its legal implementation and practical application represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.
This item is available to borrow from 1 library branch.
- Summary
- This study contains a comprehensive, in-depth analysis of the principal purpose test (PPT) designed by the Organization for Economic Cooperation and Development (OECD) as part of the BEPS Action 6 Final Report, "Preventing the Granting of Treaty Benefits in Inappropriate Circumstances". Unsurprisingly, the PPT was adopted by all signatories to the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), setting out a minimum standard in accordance with the Action 6 Final Report. Once the MLI is ratified by the legislatures of signatories, it will apply to more than 2,000 treaties. From this perspective, not only does the PPT constitute the most important anti-treaty abuse rule under the MLI, but it also secures a 100% match between the tax treaties of the signatories. All the same, one may ask whether the PPT will prevent treaty abuse with a sufficient degree of precision and without giving too much discretion to tax authorities. If this is not the case, the principles of legal certainty and legality of taxation may be jeopardized, and the June 2017 victory of the executives may turn into a failure at the level of legislatures and/or jurisprudence in the near future. This article represents an attempt to map this unexplored terrain by undertaking a comprehensive analysis of the PPT in Action 6 and in the MLI with a view to examining the potential challenges arising from its legal implementation and application in respect of the PPT. Where appropriate throughout the article, alternative solutions will be proposed
- Language
- eng
- Label
- The principal purpose test (PPT) in BEPS Action 6 and the MLI : exploring challenges arising from its legal implementation and practical application
- Title
- The principal purpose test (PPT) in BEPS Action 6 and the MLI : exploring challenges arising from its legal implementation and practical application
- Language
- eng
- Summary
- This study contains a comprehensive, in-depth analysis of the principal purpose test (PPT) designed by the Organization for Economic Cooperation and Development (OECD) as part of the BEPS Action 6 Final Report, "Preventing the Granting of Treaty Benefits in Inappropriate Circumstances". Unsurprisingly, the PPT was adopted by all signatories to the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), setting out a minimum standard in accordance with the Action 6 Final Report. Once the MLI is ratified by the legislatures of signatories, it will apply to more than 2,000 treaties. From this perspective, not only does the PPT constitute the most important anti-treaty abuse rule under the MLI, but it also secures a 100% match between the tax treaties of the signatories. All the same, one may ask whether the PPT will prevent treaty abuse with a sufficient degree of precision and without giving too much discretion to tax authorities. If this is not the case, the principles of legal certainty and legality of taxation may be jeopardized, and the June 2017 victory of the executives may turn into a failure at the level of legislatures and/or jurisprudence in the near future. This article represents an attempt to map this unexplored terrain by undertaking a comprehensive analysis of the PPT in Action 6 and in the MLI with a view to examining the potential challenges arising from its legal implementation and application in respect of the PPT. Where appropriate throughout the article, alternative solutions will be proposed
- Citation source
- In: World tax journal. - Amsterdam. - Vol. 10 (2018), no. 2 ; p. 233-294
- http://library.link/vocab/creatorName
- Kuźniacki, B
- Geographic coverage
- International
- Language note
- English
- http://library.link/vocab/subjectName
-
- principal purpose test
- BEPS Project (OECD)
- MLI
- tax treaty
- treaty abuse
- treaty shopping
- Label
- The principal purpose test (PPT) in BEPS Action 6 and the MLI : exploring challenges arising from its legal implementation and practical application
- Label
- The principal purpose test (PPT) in BEPS Action 6 and the MLI : exploring challenges arising from its legal implementation and practical application
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/The-principal-purpose-test-PPT-in-BEPS-Action-6/tqMHTIVnwAE/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/The-principal-purpose-test-PPT-in-BEPS-Action-6/tqMHTIVnwAE/">The principal purpose test (PPT) in BEPS Action 6 and the MLI : exploring challenges arising from its legal implementation and practical application</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="https://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
