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)
“[A]s I am pretty well acquainted by great Opportunities with the Nature of Man, and know of a Truth, that all Men fight against their Will, the Danger vanishes, and Resolution rises upon this Subject. For this Reason I shall talk very freely on a Custom which all Men wish exploded, tho’ no Man has Courage enough to resist it.”
—Richard Steele (1672–1729)