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Characterisation and Taxation of Cross-border Pipelines

Knut Olsen

出版	IBFD, 2012
ISBN	90872213129789087221317
URL	http://books.google.com.hk/books?id=PkPHMd0nnlkC&hl=&source=gbs_api
EBook	SAMPLE

註釋

"A cross-border pipeline is probably one of the most complex assets to be found, as it can cross several borders and boundaries or even be laid in transit states. Such a unique and complex asset creates very intricate tax issues. This study offers an in-depth discussion of the principal questions: How is a cross-border pipeline currently characterised according to the OECD Model Tax Treaty and its Commentaries? How is income from a cross-border pipeline allocated between the states involved and does the OECD's authorised "functional separate entity approach" apply to income from pipelines? The issues relating to the characterisation and taxation of cross-border pipelines are uncertain, unresolved, inconsistent and unpredictable. No common international approaches for the characterisation and taxation of pipelines exist. Moreover, the fact that the OECD Model Tax Convention and its Commentaries sometimes suggest different definitions of an income or asset without giving clear recommendations does not make the situation any clearer. This lack of uniformity potentially creates significant risks for governments and the petroleum industry" -- P. [4] of cover.