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G20 finance ministers endorse reforms to the international tax system for curbing avoidance by multinational enterprises

G20 finance ministers endorsed the final package of measures for a comprehensive, coherent and co-ordinated reform of the international tax rules during a meeting on 8 October, in Lima, Peru.




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8th Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes

Keeping tax transparency high on the agenda of Governments and taking steps to ensure a worldwide level playing field will top the agenda during the 8th meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes, in Bridgetown, Barbados on 29-30 October 2015.




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Global Forum on tax transparency pushes forward international co-operation against tax evasion

Major implementation milestones are being met by members of the world’s leading forum on tax transparency as the international community continues to move ahead towards greater tax transparency. The imminent shift to the automatic exchange of information will send a strong warning to tax evaders.




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Uganda becomes the 90th jurisdiction to join the most powerful multilateral instrument against offshore tax evasion and avoidance

Uganda today signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. The Convention provides for all forms of administrative assistance in tax matters: exchange of information on request, spontaneous exchange, automatic exchange, tax examinations abroad, simultaneous tax examinations and assistance in tax collection. It guarantees extensive safeguards for the protection of taxpayers’ rights.




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G20 leaders endorse OECD measures to crack down on tax loopholes, reaffirm its role in ensuring strong, sustainable and inclusive growth

The leaders of the world’s 20 largest economies today endorsed overhauled global standards proposed by the OECD to crack down on tax evasion and reaffirmed the organisation’s central role in helping governments ensure strong, sustainable and inclusive growth.




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Israel joins international efforts to boost transparency and end tax evasion

Israel signed today the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, making it the 91st jurisdiction to join the world’s leading instrument for boosting transparency and combating offshore tax evasion.




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Niue becomes the 92nd jurisdiction to join the most powerful instrument against offshore tax evasion and avoidance

Niue today signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. The Convention provides for all forms of administrative assistance in tax matters: exchange of information on request, spontaneous exchange, automatic exchange, tax examinations abroad, simultaneous tax examinations and assistance in tax collection. It guarantees extensive safeguards for the protection of taxpayers’ rights.




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OECD agrees on course of action in response to EU request to include additional fields in the CRS XML Schema

On 1 December 2015 the OECD agreed on a common way forward in response to a request submitted by the European Commission pursuant to a mandate from EU Member States to include additional fields in the CRS XML Schema. This request was made further to the work of the European Commission and the EU Member States on the implementation of the Standard for Automatic Exchange of Financial Information in Tax Matters within the European Union.




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Greenland takes key step in implementing automatic exchange of financial account information

On 17 December 2015 Greenland signed the Multilateral Competent Authority Agreement‎, re-confirming its commitment to implement automatic exchange of financial account information in time to exchange in 2017.




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Malaysia confirms its commitment to implement Automatic Exchange of Financial Account Information

Malaysia today signed the Multilateral Competent Authority Agreement‎, re-confirming its commitment to implement automatic exchange of financial account information in time to commence exchanges in 2018.




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A boost to transparency in international tax matters: 31 countries sign tax co-operation agreement to enable automatic sharing of country by country information

As part of continuing efforts to boost transparency by multinational enterprises (MNEs), 31 countries signed today the Multilateral Competent Authority Agreement (MCAA) for the automatic exchange of Country-by-Country reports. The signing ceremony marks an important milestone towards implementation of the OECD/G20 BEPS Project and a significant increase in cross-border cooperation on tax matters.




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OECD Secretary-General Angel Gurría welcomes European Commission corporate tax avoidance proposals

The European Commission presented today a series of measures for a coordinated EU-wide response to corporate tax avoidance, notably through implementation of the global standards developed under the OECD/G20 Base Erosion and Profit Shifting Project. The Commission proposal would align tax laws in all 28 EU countries, in order to fight aggressive tax practices by multinational enterprises




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Senegal takes key steps towards improving tax transparency

Senegal today signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. Senegal is the 11th country of the African continent to sign the Convention and the 93rd jurisdiction to join it. Simultaneously to signing the Convention, Senegal today also became the 32nd signatory of Multilateral Competent Authority Agreement for the automatic exchange of Country-by-Country reports (CbC MCAA).




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Kenya becomes the 94th jurisdiction to join the most powerful multilateral instrument against offshore tax evasion and avoidance

Kenya today signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. Kenya is the 12th African country to sign the Convention and the 94th jurisdiction to join it.




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Regional meeting in Dakar on the implementation of the BEPS Project for francophone African countries

On 22-23 February 2016, a regional network meeting on the implementation of the BEPS package was held in Dakar (Senegal), by the OECD in partnership with the CREDAF (Centre de Rencontres et d'Etudes des Dirigeants des Administrations Fiscales).




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OECD releases discussion draft on the treaty residence of pension funds

Public comments are invited on a discussion draft that includes proposals for changes to the OECD Model Tax Convention concerning the treaty residence of pension funds. Comments should be sent by 1 April 2016 at the latest.




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New Global Forum peer reviews highlight ever-increasing compliance with tax transparency standards

The world’s leading forum on tax transparency published 10 new peer review reports today, pointing to ever-increasing compliance with the internationally-recognised standards to curb tax evasion through the exchange of information.




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Public comments received on discussion draft on the treaty residence of pension funds

On 29/02/2016, interested parties were invited to comment on a discussion draft othat includes proposals for changes to the OECD Model Tax Convention concerning the treaty residence of pension funds. The OECD is grateful to the commentators for their input and now publishes the comments received.




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Concrete actions needed to advance global tax transparency, OECD says

The international community should call time on all remaining holdouts who have yet to implement internationally agreed tax transparency standards, OECD Secretary General Angel Gurría said in a new report to the G20.




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Joint statement on the fight against illicit financial flows, by OECD Secretary-General Angel Gurría and Thabo Mbeki, Chair of the High Level Panel on Illicit Financial Flows from Africa

The issue of illicit financial flows (IFFS) is at the forefront of the international agenda. Both the OECD and the High Level Panel have focused attention on this problem and have identified ways in which to tackle it.




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Bahrain, Lebanon, Nauru, Panama and Vanuatu have now committed to the international standard of automatic exchange of financial account information to tackle tax evasion and avoidance

The OECD and the Global Forum on Transparency and Exchange of Information for Tax Purposes announced today that Bahrain, Lebanon, Nauru, Panama and Vanuatu have now committed to share financial account information automatically with other countries.




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A new boost to transparency in international tax matters: 6 new countries sign agreement enabling automatic sharing of country-by-country reporting

As part of continuing efforts to boost transparency by multinational enterprises (MNEs), Canada, Iceland, India, Israel, New Zealand and the People’s Republic of China signed today the Multilateral Competent Authority agreement for the automatic exchange of Country-by-Country reports (“CbC MCAA”), bringing the total number of signatories to 39 countries. The signing ceremony took place in Beijing, China.




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Global tax and transparency: We have the tools, now we must make them work

If there is a silver lining to the 2008 financial crisis, it is that it was a catalyst for the unprecedented progress we have made in building robust international tax standards for the interconnected global economy of the 21st century.




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Brazil, Jamaica and Uruguay expand their capacity to fight international tax avoidance and evasion

Jamaica and Uruguay today signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and Brazil deposited its instrument of ratification of the Convention on the occasion of the launch of the OECD’s Latin American and Caribbean Regional Programme and the OECD Ministerial Council Meeting.




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OECD appoints new Head of the Tax Treaty, Transfer Pricing & Financial Transactions Division in the Centre for Tax Policy and Administration

Mr Jefferson VanderWolk has been appointed Head of the Tax Treaty, Transfer Pricing & Financial Transactions Division in the Centre for Tax Policy and Administration. He will take up his duties in early July 2016.




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OECD Council approves incorporation of BEPS amendments into the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations

On 23 May 2016, the OECD Council approved the amendments to the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations ("Transfer Pricing Guidelines"), as set out in the 2015 BEPS Report on Actions 8-10 "Aligning Transfer Pricing Outcomes with Value Creation" and the 2015 BEPS Report on Action 13 "Transfer Pricing Documentation and Country-by-Country Reporting".




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Paraguay joins the Global Forum on Transparency and Exchange of Information for Tax Purposes

Paraguay has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes as its 134th member.




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The Dominican Republic and Nauru become the 97th and 98th jurisdictions to join the most powerful instrument against offshore tax evasion and avoidance

Mrs Rosa Hernández de Grullón, Ambassador of the Dominican Republic to France and Mr John Petersen, Advisor to the Minister of Finance of Nauru, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in the presence of Deputy Secretary General Rintaro Tamaki, therewith becoming the 97th and 98th jurisdictions to join the Convention.




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New steps to strengthen transparency in international tax matters: OECD releases guidance on the implementation of country-by-country reporting

Today the OECD has taken a new step in its continuing efforts to boost transparency in international tax matters with the release of guidance on the implementation of country-by-country (CbC) reporting.




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First meeting of the new inclusive framework to tackle Base Erosion and Profit Shifting marks a new era in international tax co-operation

Representatives of more than 80 countries and jurisdictions have gathered in Kyoto, Japan to push forward ongoing efforts to update international tax rules for the 21st century, the latest step in the OECD/G20 Project to tackle Base Erosion and Profit Shifting (BEPS).




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Release of BEPS discussion drafts on attribution of profits to permanent establishments and revised guidance on profit splits

Public comments are invited on discussion drafts on "Attribution of Profits to Permanent Establishments" which deals with work in relation to BEPS Action 7 and on the "Revised Guidance on Profit Splits" which deals with work in related to BEPS Actions 8-10 of the OECD/G20 BEPS Action Plan.




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OECD announces further developments in BEPS implementation

The OECD has released a discussion draft which deals with the design and operation of the group ratio rule under BEPS Action 4 and the standardised IT-format for the exchange of tax rulings between jurisdictions under BEPS Action 5. It also announced that Angola has become the 83rd member of the Inclusive Framework on BEPS.




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OECD secretariat reviews the functioning of the Italian tax administration

Following a request of the Italian Minister of Economy and Finance Pier Carlo Padoan, the OECD has carried out a review of the organisational structure and institutional arrangements of Italy’s tax administration, with a focus on the Agenzia delle Entrate and the Agenzia delle Dogane e dei Monopoli. The review also highlights certain critical issues related to tax compliance and collection which emerged in the course of the work.




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Governments should use tax systems to drive inclusive growth agenda

Governments should use tax policy to drive forward economic agendas that seek to boost growth while sharing the benefits more evenly within society, according to a new OECD report.




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OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (Chengdu, China) - July 2016

This report consists of two parts. Part I is a report by the OECD Secretary-General regarding (A) the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project; (B) Tax transparency; (C) Tax policy tools to support sustainable and inclusive growth; and (D) Tax and development. Part II is an updated Progress Report to the G20 by the Global Forum on Transparency and Exchange of Information for Tax Purposes.




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Report by the Platform for Collaboration on Tax to the G20: Enhancing the Effectiveness of External Support in Building Tax Capacity in Developing Countries

G20 Finance Ministers, in their communique of February 2016, called upon the IMF, OECD, UN and World Bank Group to “recommend mechanisms to help ensure effective implementation of technical assistance programmes, and recommend how countries can contribute funding for tax projects and direct technical assistance, and report back with recommendations” at their July meeting.




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International community continues movement towards greater tax transparency

The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published today 10 new peer review reports demonstrating continuing progress toward implementation of the international standard for exchange of information on request.




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OECD releases discussion draft on approaches to address BEPS involving interest in the banking and insurance sectors

Interested parties are invited to provide comments on a discussion draft which deals approaches to address BEPS involving interest in the banking and insurance sectors under Action 4 (Interest deductions and other financial payments) of the BEPS Action Plan.




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Kuwait takes key steps towards improving tax transparency

Today, Kuwait joined the 83 current signatories to the CRS Multilateral Competent Authority Agreement ("CRS MCAA"), the key international framework agreement for putting in place the automatic exchange of information on offshore financial accounts foreseen by the OECD Common Reporting Standard (CRS).




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Liechtenstein strengthens international tax co-operation – ratifies the Convention on Mutual Administrative Assistance in Tax Matters

Liechtenstein today deposited its instrument of ratification for the Convention on Mutual Administrative Assistance in Tax Matters ("the Convention"). By doing so, Liechtenstein underlines its commitment to fighting tax evasion and avoidance and takes another important step in implementing the Standard for Automatic Exchange of Financial Account Information in Tax Matters developed by the OECD and G20 countries.




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OECD releases discussion draft on branch mismatch structures under Action 2 of the BEPS Action Plan

Interested parties are invited to provide comments on a discussion draft which deals with branch mismatch structures under Action 2 (Neutralising the Effects of Hybrid Mismatch Arrangements) of the BEPS Action Plan.




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Public comments received on the BEPS discussion drafts on the Attribution of Profits to Permanent Establishments and the Revised Guidance on Profit Splits

Public comments have been received on the BEPS discussion drafts on the Attribution of Profits to Permanent Establishments and the Revised Guidance on Profit Splits.




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Fiscal incentives for R&D and innovation in a diverse world

Fiscal incentives, including tax policies, should be directed at specific barriers, impediments or synergies to facilitate the desired level of investment in R&D and innovations. Without careful design, policies can have unintended consequences such as favouring incumbent firms, encouraging small firms to undertake less efficient activities, or creating arbitrage and rent-seeking activity.




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Pakistan becomes the 104th jurisdiction to join the most powerful multilateral instrument against offshore tax evasion and avoidance

Today, at the OECD Headquarters in Paris, Senator Mohammad Ishaq Dar, Minister of Finance of Pakistan, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.




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Public comments received on the discussion draft on approaches to address BEPS involving interest in the banking and insurance sectors under Action 4

The OECD publishes comments received on the discussion draft on approaches to address BEPS involving interest in the banking and insurance sectors under Action 4.




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Does Fiscal Decentralisation Foster Regional Convergence?

Across the OECD, GDP per capita is converging. In contrast, regional disparities – or differences in GDP per capita across jurisdictions – are rising, mainly as a result of widening productivity differences. Fiscal decentralisation could help reduce them again. According to new OECD research, assigning more ownsource revenue to sub-national governments dampens regional GDP disparities and underpins regional convergence.




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First regional meeting of the Inclusive Framework on BEPS for Latin America and the Caribbean Montevideo (Uruguay), 21-23 September 2016

57 delegates from 10 countries and 8 organisations gathered in Montevideo for the 1st regional meeting of the Inclusive Framework on Base Erosion and Profit shifting (BEPS) after its launch in Kyoto on 29 June-1st July 2016.




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Public comments received on the discussion draft on branch mismatch structures under Action 2 of the BEPS Action Plan

The OECD publishes the comments received on the discussion draft on branch mismatch structures under Action 2 of the BEPS Action Plan.




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Switzerland confirms its commitment towards greater tax transparency – ratifies the Convention on Mutual Administrative Assistance in Tax Matters

Switzerland, represented by Ambassador Ulrich Lehner , today deposited its instrument of ratification for the multilateral Convention on Mutual Administrative Assistance in Tax Matters ("the Convention") in the presence of OECD Secretary-General Angel Gurría.




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Latin America and the Caribbean: Low personal income taxes lead to lower taxes on wages compared with OECD

Taxes on the labour income of the average worker in Latin American and Caribbean (LAC) countries totalled 21.7% of total labour costs in 2013, one-third lower than in OECD countries, where the average was 35.9%, according to the first edition of Taxing Wages in Latin America and the Caribbean.