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The work carried out
by the UN DESA’s Financing for Development Office in the area of capacity
-
building was welcomed, as was
the release of the “Handbook on Selected Issues in Protecting the Tax
Base of Developing Countries”.
Set-up of Two New Subcommittees
In addition, two new subcommittees were set up:
o
Royalties (Article 12 UN Model and commentary)
–
to work on potential improvements to the
Commentary to Article 12 of the UN Model Treaty (e.g., tax treatment of industrial,
commercial and scientific tools and software-related payments).
o
Mutual Agreement Procedure (MAP)
–
to consider a review and propose updates to improve
the UN Model.
Monitoring of UN tax developments within the international tax landscape is fundamental, since not
all developing countries are willing to implement OECD BEPS recommendations.
IAFEI Quarterly | Issue 31 | 65