the treaties over time and of the choices that were made ( Freiherr von Roenne 2011 ). In addition, other research has shown that, generally, a strong element of path dependence occurs when it comes to the historical development of the global tax treaty network ( Jogarajan 2011 ). In other words, previous events ( i . e ., the entering into the first treaties between a series of CentralEuropean countries and the creation of the first model conventions) seem to have affected the development up until today ( Avery Jones et al . 2006 ). Thus, it does not surprise
-exempt institutions pay no tax on interest receipts, dividends, or capital gains. This category includes the government at the central, regional, and local level; charities; scientific and cultural foundations; foundations for employee recreation set up by companies; pension funds for supplementary occupational pension schemes; and the National Pension Funds (the AP Funds). For an exhaustive definition, the reader is referred to chapter 7 in the Income Tax Act (1999:1229).
Tax-exempt institutions enjoyed a substantial tax advantage relative to the other two owner categories, and