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UBC Theses and Dissertations
"Can't be nailed twice": avoiding double taxation by Canada and Taiwan Lee, Emily Hsiang-hui
Abstract
Canada and Taiwan have not entered into a tax treaty. Consequently, because each jurisdiction uses different connecting factors, that is 'residence' in Canada and 'income source' in Taiwan, double taxation may occur for individuals subject to tax in both jurisdictions. With the increasing number of Taiwanese immigrants to and investors in Canada, double taxation is becoming a significant problem. A treaty is probably the most efficient mechanism to resolve the double taxation problem. However, the political issue is how can a nation (Canada) enter into a treaty with a jurisdiction (Taiwan) that it does not recognize as a nation state? Despite facing the same problem, on May 29, 1996 Australia signed a tax agreement with Taiwan concerning the avoidance of double taxation and the prevention of tax evasion. The Australia-Taiwan Tax Agreement is unique because it was signed by two private sector organizations rather than by the respective governments. Using the same mechanism, New Zealand and Vietnam have signed tax agreements with Taiwan as well. This thesis analyses the likelihood of Canada entering into a tax treaty with Taiwan. In so doing, it considers how double taxation arises, reviews the foreign reporting rules and argues that a tax treaty between Canada and Taiwan is desirable. The conclusion is that, theoretically and pragmatically, a tax treaty (or agreement) between Canada and Taiwan is possible and needed in order to relieve punitive double taxation and to facilitate bilateral economic and trading relations between the two jurisdictions.
Item Metadata
Title |
"Can't be nailed twice": avoiding double taxation by Canada and Taiwan
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Creator | |
Publisher |
University of British Columbia
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Date Issued |
1998
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Description |
Canada and Taiwan have not entered into a tax treaty. Consequently, because each
jurisdiction uses different connecting factors, that is 'residence' in Canada and 'income
source' in Taiwan, double taxation may occur for individuals subject to tax in both
jurisdictions. With the increasing number of Taiwanese immigrants to and investors in
Canada, double taxation is becoming a significant problem. A treaty is probably the most
efficient mechanism to resolve the double taxation problem. However, the political issue
is how can a nation (Canada) enter into a treaty with a jurisdiction (Taiwan) that it does
not recognize as a nation state? Despite facing the same problem, on May 29, 1996
Australia signed a tax agreement with Taiwan concerning the avoidance of double taxation
and the prevention of tax evasion. The Australia-Taiwan Tax Agreement is unique
because it was signed by two private sector organizations rather than by the respective
governments. Using the same mechanism, New Zealand and Vietnam have signed tax
agreements with Taiwan as well. This thesis analyses the likelihood of Canada entering
into a tax treaty with Taiwan. In so doing, it considers how double taxation arises,
reviews the foreign reporting rules and argues that a tax treaty between Canada and
Taiwan is desirable.
The conclusion is that, theoretically and pragmatically, a tax treaty (or agreement)
between Canada and Taiwan is possible and needed in order to relieve punitive double
taxation and to facilitate bilateral economic and trading relations between the two
jurisdictions.
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Extent |
10357011 bytes
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Geographic Location | |
Genre | |
Type | |
File Format |
application/pdf
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Language |
eng
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Date Available |
2009-06-11
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Provider |
Vancouver : University of British Columbia Library
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Rights |
For non-commercial purposes only, such as research, private study and education. Additional conditions apply, see Terms of Use https://open.library.ubc.ca/terms_of_use.
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DOI |
10.14288/1.0088921
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URI | |
Degree | |
Program | |
Affiliation | |
Degree Grantor |
University of British Columbia
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Graduation Date |
1999-05
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Campus | |
Scholarly Level |
Graduate
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Aggregated Source Repository |
DSpace
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Item Media
Item Citations and Data
Rights
For non-commercial purposes only, such as research, private study and education. Additional conditions apply, see Terms of Use https://open.library.ubc.ca/terms_of_use.