 |
|
|
 |
|
| |
|
| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures. |
| TreatyPro: Online
tax treaty resource. |
|
|
| Switzerland, Canada Initial DTA |
by Ulrika Lomas, Tax-News.com, Brussels
Monday, February 15, 2010
It has recently emerged that Switzerland and Canada have concluded negotiations
on extending administrative assistance in tax matters in accordance with the
Organization for Economic Cooperation and Development’s (OECD) standard
and on other points, and have initialled a Protocol of Amendment on the existing
double taxation agreement (DTA).
According to the Federal Administration, the administrative assistance clause
is in line with the key points agreed by the Federal Council, and the agreement
with Canada is the eighteenth with an administrative assistance clause in accordance
with the OECD standard.
Although the initialled text will at first remain confidential, the Swiss cantons
and business associations concerned will be notified of the content in a brief
report to enable them to submit their comments.
The agreement will be published only after being signed. The Federal Council
will provide authorisation for the agreement to be signed, and the DTA will
subsequently be passed to parliament for approval. Once the partner state has
provided its approval of the agreement, then the agreement can be ratified,
a requirement for its entry into force.
Since the Federal Council decision of March 13, 2009 on extending administrative
assistance in tax matters, Switzerland has initiated corresponding negotiations
with numerous states. Indeed, the Federal Council has already approved the first
ten dispatches on revised DTAs with an administrative assistance clause in accordance
with Article 26 of the OECD Model Convention, and submitted them to parliament
for approval.
Along with extending administrative assistance in tax matters, Switzerland has
also been able to negotiate various benefits for the economy, including reductions
in withholding tax levied on dividends, interest and royalty payments, as well
as the introduction of an arbitration clause. The avoidance of tax discrimination
has also been achieved. This policy will be pursued and further negotiations
are already envisaged with other countries, the Federal Administration noted.
.
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
LAWANDTAX-NEWS.COM
