International Double Taxation of Interest

International Double Taxation of Interest

This book investigates the impact of thin capitalization rules and proposes an international capitalization standard to determine the adequate (i.e. arm's length) capital structure of an entity.

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Bibliographic Details
Main Author: Fernandes, Sandra Martinho
Format: eBook
Language:English
Published: Amsterdam : IBFD Publications USA, Incorporated, 2019.
Series:Doctoral series.
Subjects:
Double taxation.
Interest > Taxation > Law and legislation.
International business enterprises > Taxation > Law and legislation.
Double taxation
Interest > Taxation > Law and legislation
International business enterprises > Taxation > Law and legislation
Online Access:Click for online access
Table of Contents:
  • Cover
  • IBFD Doctoral Series
  • Title
  • Copyright
  • Acknowledgements
  • Abstract
  • List of Abbreviations, Definitions and Acronyms
  • Chapter 1: Introduction
  • 1.1. Background
  • 1.2. The research questions
  • 1.3. Research method: The comparative method
  • 1.4. Aims and outline of the study
  • Chapter 2: The Tax Treatment of Interest and the Evolution of the Thin Capitalization Rules
  • 2.1. Introduction
  • 2.2. Financing a business: Debt and equity capital
  • 2.2.1. Tax treatment
  • 2.2.2. Allocation of taxing powers
  • 2.2.2.1. Taxing cross-border interest
  • 2.2.2.2. Solutions devised in the League of Nations draft conventions to avoid double taxation of interest
  • 2.2.2.2.1. 1927 Draft Model Convention for the prevention of double taxation
  • 2.2.2.2.2. 1928 Draft Bilateral Conventions for the prevention of double taxation in the special matter of direct taxes
  • 2.2.2.2.3. The Mexico and London Draft Conventions
  • 2.2.2.2.3.1. The Mexico Draft Convention
  • 2.2.2.2.3.2. The London Draft Convention
  • 2.2.2.2.3.3. The way forward
  • 2.2.2.3. OECD Model Conventions
  • 2.2.2.3.1. 1963 OECD Model Convention (the "1963 OECD MC")
  • 2.2.2.3.2. 1977 OECD Model Convention (the "1977 OECD MC")
  • 2.2.2.3.3. The subsequent updates to the OECD Model Convention (the "OECD MC")
  • 2.2.2.3.4. The Commentary to the OECD MC
  • 2.2.2.4. US Model Convention (the "US MC")
  • 2.2.2.5. UN Model Convention (the "UN MC")
  • 2.2.2.6. Interest and Royalties Directive
  • 2.2.2.7. General comments
  • 2.2.3. Thin capitalization
  • 2.2.3.1. Introductory remarks
  • 2.2.3.2. The different kinds of thin capitalization rules
  • 2.2.3.2.1. First kind of thin capitalization rules: Thin capitalization rules based on general tax principles
  • 2.2.3.2.1.1. General anti-avoidance legislation
  • 2.2.3.2.1.2. Substance-over-form principle and abuse of law concept
  • 2.2.3.2.1.3. General application of the arm's length principle (the "ALP")
  • 2.2.3.2.2. Second kind of thin capitalization rules: Specific thin capitalization rules
  • 2.2.3.2.3. Comments on the different kinds of thin capitalization rules
  • 2.2.3.3. The evolution of thin capitalization rules
  • 2.2.3.3.1. Introductory remarks
  • 2.2.3.3.2. Earnings stripping rules
  • 2.2.3.3.3. Comprehensive Interest Barriers
  • 2.2.3.4. Concluding remarks on the different types of thin capitalization rules or interest limitation rules
  • 2.2.3.5. Problems caused by the application of thin capitalization rules
  • 2.3. Concluding remarks
  • Chapter 3: Comprehensive Interest Barriers
  • 3.1. Introduction
  • 3.2. Analysis of the selected Comprehensive Interest Barriers
  • 3.2.1. New Zealand
  • 3.2.1.1. Policy objectives
  • 3.2.1.2. Scope
  • 3.2.1.2.1. International aspect
  • 3.2.1.2.2. Material aspect
  • 3.2.1.3. Mechanics
  • 3.2.1.4. Consequences
  • 3.2.2. Australia
  • 3.2.2.1. Policy objectives
  • 3.2.2.2. Scope

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