Dispute Resolution
Nearly all tax treaties provide some mechanism under which taxpayers and the countries can resolve disputes arising under the treaty. Generally, the government agency responsible for conducting dispute resolution procedures under the treaty is referred to as the “Competent Authority” of the country. Competent Authorities generally have the power to bind their government in specific cases. The treaty mechanism often calls for the Competent Authorities to attempt to agree in resolving disputes.
Read more about this topic: Tax Treaty
Famous quotes containing the words dispute and/or resolution:
“Your next-door neighbour ... is not a man; he is an environment. He is the barking of a dog; he is the noise of a pianola; he is a dispute about a party wall; he is drains that are worse than yours, or roses that are better than yours.”
—Gilbert Keith Chesterton (1874–1936)
“Some hours seem not to be occasion for any deed, but for resolves to draw breath in. We do not directly go about the execution of the purpose that thrills us, but shut our doors behind us and ramble with prepared mind, as if the half were already done. Our resolution is taking root or hold on the earth then, as seeds first send a shoot downward which is fed by their own albumen, ere they send one upward to the light.”
—Henry David Thoreau (1817–1862)