On January 15, 2015, TEI submitted comments to the OECD on its Public Discussion Draft regarding BEPS Action 14: Make Dispute Resolution Mechanisms More Effective. TEI’s comments emphasized the importance of fair, timely, and effective dispute resolution mechanisms to taxpayers as a means to relieve double taxation. The Institute also recommended that double tax treaties include an arbitration process to settle disputes between countries that cannot be settled by the respective Competent Authorities in a timely manner.
TEI’s comments were prepared under the aegis of TEI’s European Direct Tax Committee, whose chair is Nick Hasenoehrl. Benjamin R. Shreck, TEI Tax Counsel, coordinated the preparation of TEI’s comments.