Authority

Government of Guam agencies and departments, including autonomous entities, shall make available to the Commission in a timely manner such data and technical support as is necessary for it to perform its duties as provided in this Chapter. The Commission shall be authorized to:

(a)receive and compile the records and work products of previous tax commissions from agencies and instrumentalities of the government of Guam, to include the tax commissions formed under Executive Orders 1986-09, 1987-06, and 2003-04; and Public Laws 20181, 22-74, and 27-56;

(b)request and receive reports from the Department of Revenue and Taxation relating to the application of provisions of Guam’s tax law, to include the tax laws under Title 11 of the Guam Code Annotated, and the Guam Territorial Income Tax administered under Title 48 U.S.C. §1421i, including the use of tax exemptions, tax deductions, and tax credits by Guam taxpayers; COL1242015 CH. 11 GUAM TAX COMMISSION

(c)receive copies of and review such documents as exist in the government of Guam relating to de-linking from the U.S. Internal Revenue Code under §1271 of Public Law 99-514;

(d)communicate with the U.S. federal government regarding Guam’s tax system, relevant domestic and international tax laws, tax treaties, and tax agreements which may bear upon the present and future relationship between the United States and Guam relative to taxes, and propose modifications of such tax laws, tax treaties, and tax agreements which may benefit Guam’s economy and/or government;

(e)communicate with the U.S. Department of Treasury with regard to the issue of de-linking from the U.S. Internal Revenue Code under §1271 of Public Law 99-514, to ascertain the procedure and guidelines that should be followed for such a policy change and the impacts to local and federal tax authority from such a policy change;

(f)request and receive estimates from the Department of Revenue and Taxation and/or the Bureau of Budget and Management Research of the fiscal impact of potential changes to Guam’s tax structure and policies;

(g)examine any document, report or data, including programs and data files, held by any agency or instrumentality of the government of Guam, which agencies are required to cooperate with the Commission and its employees in any such examination, except as provided by United States and Guam law regarding the confidentiality of specific tax return information;

(h)to issue subpoenas, to compel attendance of witnesses and the production of electronic and/or physical books, records, papers, accounts, reports, and documents, as necessary to achieve the mandates of the Commission, which shall be provided in such a manner as to ensure the confidentiality of specific tax return information as protected by United States and Guam law;

(i)administer oaths relative to testimony and documents provided to the Commission;

(j)meet from time to time, as determined by the Chairperson, to execute its duties; and COL1242015 CH. 11 GUAM TAX COMMISSION

(k)solicit information and advice from various sources on the present tax structure and recommended changes, which may include local and national non-governmental organizations, and agencies of the government of Guam.