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:
“As for the dispute about solitude and society, any comparison is impertinent. It is an idling down on the plane at the base of a mountain, instead of climbing steadily to its top.”
—Henry David Thoreau (1817–1862)
“We have been here over forty years, a longer period than the children of Israel wandered through the wilderness, coming to this Capitol pleading for this recognition of the principle that the Government derives its just powers from the consent of the governed. Mr. Chairman, we ask that you report our resolution favorably if you can but unfavorably if you must; that you report one way or the other, so that the Senate may have the chance to consider it.”
—Anna Howard Shaw (1847–1919)