DIFFERENCES BETWEEN METHODS OF ELIMINATION OF DOUBLE TAXATION ESTABLISHED IN UN AND OECD MODEL TAX CONVENTIONS

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DIFFERENCES BETWEEN METHODS OF ELIMINATION OF DOUBLE TAXATION ESTABLISHED IN UN AND OECD MODEL TAX CONVENTIONS

Journal Title: Scientific Research - Year 2024, Vol 4, Issue 3

Abstract

Abstract The United Nations Model Double Taxation Convention between developed and developing countries is part of an ongoing international effort to eliminate double taxation. These efforts were initiated by the League of Nations and continued within the framework of the Organization for European Economic Cooperation (OEEC) (now known as the Organization for Economic Co-operation and Development (OECD)) and regional forums, as well as the United Nations. In general, these efforts have found their concrete expression in a number of model bilateral tax conventions or their drafts. The United Nations Model Convention and the OECD Model Convention on Income and Property have had a profound impact on international treaty practice and contain a significant number of common provisions. In general, the United Nations Model Convention favors the retention of wider tax rights for the so-called "source country", i.e. the country of investment, compared to the investor's "country of residence", according to the tax treaty. Although this issue has long been of particular importance to developing countries, some developed countries are also trying to include this provision in their bilateral international agreements.

Authors and Affiliations

Mahsati Alizade

Keywords

EP ID EP749098
DOI 10.36719/2789-6919/31/65-69
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