GAAR - Trinidad & Tobago - Iatj.net

International tax evasion and
avoidance
• Other issues which have arisen but tend to go
undetected revolve around fictitious business
expenses being claimed as deductions even if the nonresident
has done nothing to earn such fees.
Commissions, royalties and fees for technical services
may also be paid by a resident to a non‐resident even
if not earned also. Moreover, fictitious or excessive
credits may be claimed with respect to taxes paid
where Double Taxation Conventions exist between
two countries.
3rd IATJ Assembly Munich 18‐19 October 2012 16