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Turnover Taxes Under Treaties Are Valid, U.N. Tax Head Says

Logo: Bloomberg Law

By Isabel Gottlieb

Agreements between countries on taxes targeting revenue, rather than profits, are acceptable under international law, the top United Nations tax official said Monday. “Bilateral negotiations can take time but they also have a more immediate signaling function on treaty possibilities and on domestic law legitimacy,” said Michael Lennard, chief of international tax cooperation in the U.N. Financing for Development Office.

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By Isabel Gottlieb, posted on Monday November 16, 2020
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