Wildy logo
(020) 7242 5778

Wildy’s Book News

Book News cover photo

Vol 23 No 5 May/June 2018

Book of the Month

Cover of Drafting Commercial Agreements

Drafting Commercial Agreements

Price: £110.00

Offers for Newly Called Barristers & Students

Special Discounts for Newly Called & Students

Read More ...

Secondhand & Out of Print

Browse Secondhand Online


Lowe legislation jp
Sealy millman 2018 jp
Desmith out now
Luba housing

Characterisation and Taxation of Cross-Border Pipelines.

Edited by: Knut Olsen

ISBN13: 9789087221317
Published: April 2012
Publisher: IBFD Publications BV
Country of Publication: The Netherlands
Format: Paperback
Price: £118.00

Low stock.

A cross-border pipeline is probably one of the most complex assets to be found, as it can cross several borders and boundaries or even be laid in transit states. Such a unique and complex asset creates very intricate tax issues.

This study offers an in-depth discussion of the principal questions: How is a cross-border pipeline currently characterised according to the OECD Model Tax Treaty and its Commentaries? How is income from a cross-border pipeline allocated between the states involved and does the OECD’s authorised “functional separate entity approach” apply to income from pipelines?

The issues relating to the characterisation and taxation of cross-border pipelines are uncertain, unresolved, inconsistent and unpredictable. No common international approaches for the characterisation and taxation of pipelines exist. Moreover, the fact that the OECD Model Tax Convention and its Commentaries sometimes suggest different definitions of an income or asset without giving clear recommendations does not make the situation any clearer. This lack of uniformity potentially creates significant risks for governments and the petroleum industry.

Characterisation and Taxation of Cross-Border Pipelines provides a comprehensive analysis of the issues related to the taxation of cross-border pipelines. It offers solutions to the various tax issues that a cross-border pipeline might raise.

The book concludes by recommending changes to the OECD Model Tax Treaty and its Commentaries to reduce uncertainty, avoid double taxation or less than a single taxation, and establish a more common international approach for the characterisation and taxation of cross-border pipelines and their allocation.