Taxation of capital gains under the OECD Model Convention; with special regard to immovable property

Reference & Research Book News, Feb, 2008

Taxation of capital gains under the OECD Model Convention; with special regard to immovable property.

Simontacchi, Stefano.

Kluwer Law International

2007

415 pages

$208.00

Hardcover

Series on international taxation; 29

K4564

Capital resources have become increasingly mobile as globalization continues, resulting in significant questions about the taxation of transnational capital gains, particularly in cases of investment in immovable property. This has led to strong interest in the implications of Article 13 of the Organization for Economic Co-operation and Development (OECD) Model Convention. Simontacchi traces the background of the OECD approach from its deepest roots, the model conventions drafted under the auspices of the League of Nations in the 1920s and 1940s. Simontacchi provides a very close reading of Article 13 and commentary on Article 13 (1) through (4), describing the OECD's approach to capital gains, its definitions, coverage and edicts on the appreciation of the value of property, the gains derived from the alienation of immovable property, and the gains derived from the alienation of shares in immovable property. The next edition will doubtless include an index. Distributed in North America by Aspen Publishers, Inc.

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