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Questions and Answers
What types of taxes are covered by the OECD Model Treaty?
What types of taxes are covered by the OECD Model Treaty?
- Sales taxes and excise taxes
- Indirect taxes and property transfer duties
- Property taxes and estate taxes
- Taxes on income and capital (correct)
What is the purpose of the terminology and nomenclature in the Model Treaty?
What is the purpose of the terminology and nomenclature in the Model Treaty?
- To be specific to one country's tax system
- To confuse taxpayers
- To be imprecise and vague
- To be precise and widely applicable (correct)
How are direct and indirect taxes treated in the Model Treaty?
How are direct and indirect taxes treated in the Model Treaty?
- Only indirect taxes are covered
- They are specifically distinguished
- They are not specifically distinguished (correct)
- Only direct taxes are covered
Are social security charges considered taxes under the Model Treaty?
Are social security charges considered taxes under the Model Treaty?
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Which article in the Model Treaty lists the taxes covered?
Which article in the Model Treaty lists the taxes covered?
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What does Article 30 of the Model Treaty allow for?
What does Article 30 of the Model Treaty allow for?
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What is the purpose of tax treaties?
What is the purpose of tax treaties?
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Study Notes
- The OECD Model Treaty covers taxes on income and capital, but not indirect taxes or property transfer duties.
- The terminology and nomenclature in the Model Treaty aim to be precise and widely applicable.
- Direct and indirect taxes are not specifically distinguished, and fees and charges can be difficult to distinguish from taxes.
- Social security charges are generally not considered taxes.
- Article 2 lists the taxes covered by the Model Treaty.
- Article 30 allows for territorial extension of the treaty.
- Articles 31 and 32 deal with entry into force and termination of the treaty.
- Double taxation is the imposition of tax on the same income by multiple jurisdictions.
- Economic and juridical double taxation are the two forms that exist.
- Tax treaties operate by restricting taxing rights and have a legal nature as agreements between two states.
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