No taxation without investment protection: the power to tax in investment arbitration

Descripción del Articulo

In order to attract foreign investors to its territory, States tend to enter into international treaties and investment contracts in which they offer guarantees of a due exercise of government power. In case of breach, the investor may sue the State in an international arbitration proceeding and obt...

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Detalles Bibliográficos
Autores: Doig Gonzales-Otoya, Bruno, Masnjak Marín, Daniel
Formato: artículo
Fecha de Publicación:2019
Institución:Pontificia Universidad Católica del Perú
Repositorio:Revistas - Pontificia Universidad Católica del Perú
Lenguaje:español
OAI Identifier:oai:revistaspuc:article/22622
Enlace del recurso:http://revistas.pucp.edu.pe/index.php/themis/article/view/22622
Nivel de acceso:acceso abierto
Materia:investment arbitration
Power to Tax
investment protection treaties
vestment contracts
arbitraje de inversiones
potestad tributaria
tratados sobre protección de inversiones
contratos de inversión
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spelling No taxation without investment protection: the power to tax in investment arbitrationNo taxation without investment protection: la potestad tributaria en el arbitraje de inversionesDoig Gonzales-Otoya, BrunoMasnjak Marín, Danielinvestment arbitrationPower to Taxinvestment protection treatiesvestment contractsarbitraje de inversionespotestad tributariatratados sobre protección de inversionescontratos de inversiónIn order to attract foreign investors to its territory, States tend to enter into international treaties and investment contracts in which they offer guarantees of a due exercise of government power. In case of breach, the investor may sue the State in an international arbitration proceeding and obtain a compensation for the damages caused. Therefore, recent judicial rulings aim to achieve a balance between guarantees and regulatory rights, which both investors and States should grasp. This article explains how arbitration works as a mean to solve tax related disputes between investors and States. Then, it presents the application of guarantees in arbitration, such as tax stability clauses or protection standards regarding expropriation and fair and equitable treatment.Para atraer inversionistas extranjeros a su territorio, los Estados suelen celebrar tratados internacionales y contratos de inversión en que ofrecen garantí­as de un debido ejercicio del poder estatal. En caso de incumplirlas, el inversionista tiene la posibilidad de demandar al Estado en un arbitraje internacional y obtener una compensación por los daños que el incumplimiento le hubiera generado. Los lí­mites a la potestad estatal alcanzan, ciertamente, a la potestad tributaria. Así­, la jurisprudencia reciente tiende a buscar un equilibrio entre garantí­as y derechos regulatorios que es saludable sea conocido tanto por inversionistas como por Estados. Con ese fin, el presente artículo explica cómo el arbitraje funciona como medio para solucionar controversias tributarias entre inversionistas y Estados. Luego, expone la aplicación en este de garantías, como las cláusulas de estabilidad tributaria o los estándares de protección sobre expropiación y trato justo y equitativo.Pontificia Universidad Católica del Perú2019-08-31info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttp://revistas.pucp.edu.pe/index.php/themis/article/view/2262210.18800/themis.201902.005THEMIS Revista de Derecho; Núm. 76 (2019): Derecho Tributario; 77-971810-9934reponame:Revistas - Pontificia Universidad Católica del Perúinstname:Pontificia Universidad Católica del Perúinstacron:PUCPspahttp://revistas.pucp.edu.pe/index.php/themis/article/view/22622/21784http://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessoai:revistaspuc:article/226222020-09-15T16:36:33Z
dc.title.none.fl_str_mv No taxation without investment protection: the power to tax in investment arbitration
No taxation without investment protection: la potestad tributaria en el arbitraje de inversiones
title No taxation without investment protection: the power to tax in investment arbitration
spellingShingle No taxation without investment protection: the power to tax in investment arbitration
Doig Gonzales-Otoya, Bruno
investment arbitration
Power to Tax
investment protection treaties
vestment contracts
arbitraje de inversiones
potestad tributaria
tratados sobre protección de inversiones
contratos de inversión
title_short No taxation without investment protection: the power to tax in investment arbitration
title_full No taxation without investment protection: the power to tax in investment arbitration
title_fullStr No taxation without investment protection: the power to tax in investment arbitration
title_full_unstemmed No taxation without investment protection: the power to tax in investment arbitration
title_sort No taxation without investment protection: the power to tax in investment arbitration
dc.creator.none.fl_str_mv Doig Gonzales-Otoya, Bruno
Masnjak Marín, Daniel
author Doig Gonzales-Otoya, Bruno
author_facet Doig Gonzales-Otoya, Bruno
Masnjak Marín, Daniel
author_role author
author2 Masnjak Marín, Daniel
author2_role author
dc.subject.none.fl_str_mv investment arbitration
Power to Tax
investment protection treaties
vestment contracts
arbitraje de inversiones
potestad tributaria
tratados sobre protección de inversiones
contratos de inversión
topic investment arbitration
Power to Tax
investment protection treaties
vestment contracts
arbitraje de inversiones
potestad tributaria
tratados sobre protección de inversiones
contratos de inversión
description In order to attract foreign investors to its territory, States tend to enter into international treaties and investment contracts in which they offer guarantees of a due exercise of government power. In case of breach, the investor may sue the State in an international arbitration proceeding and obtain a compensation for the damages caused. Therefore, recent judicial rulings aim to achieve a balance between guarantees and regulatory rights, which both investors and States should grasp. This article explains how arbitration works as a mean to solve tax related disputes between investors and States. Then, it presents the application of guarantees in arbitration, such as tax stability clauses or protection standards regarding expropriation and fair and equitable treatment.
publishDate 2019
dc.date.none.fl_str_mv 2019-08-31
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://revistas.pucp.edu.pe/index.php/themis/article/view/22622
10.18800/themis.201902.005
url http://revistas.pucp.edu.pe/index.php/themis/article/view/22622
identifier_str_mv 10.18800/themis.201902.005
dc.language.none.fl_str_mv spa
language spa
dc.relation.none.fl_str_mv http://revistas.pucp.edu.pe/index.php/themis/article/view/22622/21784
dc.rights.none.fl_str_mv http://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Pontificia Universidad Católica del Perú
publisher.none.fl_str_mv Pontificia Universidad Católica del Perú
dc.source.none.fl_str_mv THEMIS Revista de Derecho; Núm. 76 (2019): Derecho Tributario; 77-97
1810-9934
reponame:Revistas - Pontificia Universidad Católica del Perú
instname:Pontificia Universidad Católica del Perú
instacron:PUCP
instname_str Pontificia Universidad Católica del Perú
instacron_str PUCP
institution PUCP
reponame_str Revistas - Pontificia Universidad Católica del Perú
collection Revistas - Pontificia Universidad Católica del Perú
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 12.851315
No taxation without investment protection: the power to tax in investment arbitration
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