nc OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (Washington DC) - October 2016 By www.oecd.org Published On :: Fri, 07 Oct 2016 15:00:00 GMT This report consists of two parts. Part I is a Progress Report to the G20 by the Global Forum on Transparency and Exchange of Information for Tax Purposes. Part II is an update report by the OECD Secretary-General regarding tax transparency, with a focus on beneficial ownership information. Full Article
nc Conference: Combating Tax Crime and Other Crimes in the Fisheries Sector By www.oecd.org Published On :: Thu, 13 Oct 2016 12:15:00 GMT This OECD expert workshop will bring together experts to assess available data and methodologies to calculate both Total Factor Productivity and Environmentally Adjusted Total Factor Productivity for the aggregate agricultural sector. Full Article
nc OECD launches business survey on tax certainty to support G20 tax agenda By www.oecd.org Published On :: Tue, 18 Oct 2016 15:00:00 GMT The OECD received a strong endorsement from both the G20 Leaders and Finance Ministers to work on solutions to support certainty in the tax system with the aim to promote investment, trade and balanced growth. As part of a wider project, the OECD launches a Business Survey to invite businesses and other stakeholders to contribute their views on tax certainty. Full Article
nc Andorra joins the Inclusive Framework on BEPS By www.oecd.org Published On :: Wed, 19 Oct 2016 10:00:00 GMT Following the first meeting of the Inclusive Framework on BEPS in Kyoto, Japan, on 30 June-1 July and the regional meeting for Latin America and the Caribbean held in Montevideo, Uruguay, on 21-23 September, more countries and jurisdictions are joining the framework. On 14 October, the Inclusive Framework on BEPS welcomed Andorra as its 86th member. Full Article
nc The Republic of Congo joins the Inclusive Framework on BEPS By www.oecd.org Published On :: Thu, 20 Oct 2016 09:47:00 GMT Following the first meeting of the Inclusive Framework on BEPS in Kyoto, Japan, on 30 June-1 July and the regional meeting for Latin America and the Caribbean held in Montevideo, Uruguay, on 21-23 September, more countries and jurisdictions are joining the framework. On 14 October, the Inclusive Framework on BEPS welcomed Republic of Congo as its 87th member. Full Article
nc G20/OECD BEPS Project advances tax certainty agenda with the launch of global review of MAP programmes By www.oecd.org Published On :: Thu, 20 Oct 2016 15:00:00 GMT Today the OECD released key documents, approved by the Inclusive Framework on BEPS, that will form the basis of the Mutual Agreement Procedure (MAP) peer review and monitoring process under Action 14 of the BEPS Action Plan. Full Article
nc Next step towards transparency in international tax matters: Five new jurisdictions sign tax co-operation agreement to enable automatic sharing of country-by-country information By www.oecd.org Published On :: Fri, 21 Oct 2016 10:00:00 GMT As part of continuing efforts to boost transparency by multinational enterprises (MNEs), Brazil, Guernsey, Jersey, the Isle of Man and Latvia signed today the Multilateral Competent Authority Agreement (MCAA) for the automatic exchange of Country-by-Country reports, bringing the total number of signatories to 49. Full Article
nc Panama joins international efforts against tax evasion and avoidance By www.oecd.org Published On :: Thu, 27 Oct 2016 12:00:00 GMT Panama signed today the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, making it the 105th jurisdiction to join the world’s leading instrument for boosting transparency and combating cross-border tax evasion. The signing shows that Panama is now implementing its commitment to fully cooperate with the international community on transparency. Full Article
nc The Cook Islands become the 106th jurisdiction to join the most powerful international instrument against offshore tax evasion and avoidance By www.oecd.org Published On :: Fri, 28 Oct 2016 14:00:00 GMT Today at the OECD Headquarters in Paris, Mr. Andrew Haigh, Collector of Inland Revenue of the Cook Islands, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. Full Article
nc Panama joins the Inclusive Framework on BEPS By www.oecd.org Published On :: Thu, 03 Nov 2016 12:00:00 GMT Following the first meeting of the Inclusive Framework on BEPS in Kyoto, Japan, on 30 June-1 July and the regional meeting for Latin America and the Caribbean held in Montevideo, Uruguay, on 21-23 September, more countries and jurisdictions are joining the framework. On 28 October, the Inclusive Framework on BEPS welcomed Panama as its 87th member. Full Article
nc Global Forum makes advances on the international tax transparency agenda By www.oecd.org Published On :: Fri, 04 Nov 2016 11:00:00 GMT The Global Forum on Transparency and Exchange of Information for Tax Purposes held its annual meeting in Tbilisi, Georgia on November 2-4, bringing together 220 delegates from 84 jurisdictions and 12 International organisations to further their shared goal of improving tax transparency and achieving a level playing field. Full Article
nc Saint Lucia expands its capacity to fight international tax avoidance and evasion By www.oecd.org Published On :: Mon, 21 Nov 2016 09:00:00 GMT Saint Lucia today signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. Saint Lucia became the 107th jurisdiction to join the Convention. Full Article
nc Revenue Statistics 2016 and Consumption Tax Trends 2016 to launch Wednesday 30 November 2016 By www.oecd.org Published On :: Wed, 23 Nov 2016 12:06:00 GMT Tax burdens and revenue collection across the OECD countries are reaching levels not seen since before the global financial crisis. Nevertheless, the tax mix varies enormously across the advanced economies. Full Article
nc Countries adopt multilateral convention to close tax treaty loopholes and improve functioning of international tax system By www.oecd.org Published On :: Thu, 24 Nov 2016 11:00:00 GMT More than 100 jurisdictions have concluded negotiations on a multilateral instrument that will swiftly implement a series of tax treaty measures to update international tax rules and lessen the opportunity for tax avoidance by multinational enterprises. Full Article
nc OECD and CREDAF hold regional meeting of the Inclusive Framework on BEPS for francophone countries By www.oecd.org Published On :: Fri, 25 Nov 2016 11:00:00 GMT 56 delegates from 13 countries gathered in Tunis for the first regional meeting of the Inclusive Framework on Base Erosion and Profit Shifting (BEPS) after its launch in Kyoto on 30 June-1 July 2016. This meeting belongs to a new series of events that offer participants from different regions in the world the opportunity to feed their views and provide their input into the Inclusive Framework on BEPS. Full Article
nc Macau (China), Mauritius and Ukraine join the Inclusive Framework on BEPS By www.oecd.org Published On :: Fri, 25 Nov 2016 11:00:00 GMT Following the first meeting of the Inclusive Framework on BEPS in Japan, on 30 June-1 July, and recent regional meetings, more countries and jurisdictions are joining the framework. The Inclusive Framework on BEPS welcomed Macau (China), Mauritius and Ukraine bringing to 90 the total number of countries and jurisdictions participating on an equal footing in the Project. Full Article
nc Tax revenues continue to rise, but scope remains for increased tax mobilisation in emerging Southeast Asian economies By www.oecd.org Published On :: Tue, 29 Nov 2016 03:00:00 GMT In 2014, the tax-to-GDP ratios of Indonesia, Malaysia, the Philippines and Singapore were below 17% of GDP compared to Japan and Korea, which both recorded tax-to-GDP ratios above 24%,according to new data released in the third edition of the OECD’s annual publication Revenue Statistics in Asian Countries. Full Article
nc OECD holds regional meeting of the Inclusive Framework on BEPS for the Asia-Pacific region By www.oecd.org Published On :: Thu, 01 Dec 2016 09:00:00 GMT Fifty delegates from sixteen countries, four international organisations, business and civil society gathered in Manila for the first regional meeting of the Inclusive Framework on Base Erosion and Profit shifting (BEPS) in the Asia-Pacific region after the launch of the Inclusive Framework in Kyoto on 30 June-1st July 2016. Full Article
nc OECD releases further BEPS guidance on Country-by-Country reporting and country-specific information on implementation By www.oecd.org Published On :: Mon, 05 Dec 2016 11:00:00 GMT The Inclusive Framework on BEPS has released two new documents to support the global implementation of Country-by-Country (CbC) reporting (BEPS Action 13). Full Article
nc Monaco strengthens international tax co-operation – ratifies the Convention on Mutual Administrative Assistance in Tax Matters By www.oecd.org Published On :: Wed, 14 Dec 2016 14:51:00 GMT Monaco today deposited its instrument of ratification for the Convention on Mutual Administrative Assistance in Tax Matters ("the Convention"). By doing so, Monaco 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. Full Article
nc OECD holds regional meeting of the Inclusive Framework on BEPS for the Eastern Europe and Central Asia region By www.oecd.org Published On :: Fri, 16 Dec 2016 16:00:00 GMT More than 60 delegates from 14 countries gathered in Vilnius for the first regional meeting of the Inclusive Framework on BEPS in the region. This meeting was the last of a series of regional events in 2016 intended to offer countries in different regions of the world the opportunity to feed their views and provide their input into the Inclusive Framework on BEPS. Full Article
nc Enhancing public sector efficiency and effectiveness in the Czech Republic By www.oecd.org Published On :: Thu, 22 Dec 2016 09:05:00 GMT Spending on public administration itself is relatively low and so are indicators of its performance. Full Article
nc OECD releases additional guidance on Action 4 of the BEPS Action Plan to curb international tax avoidance By www.oecd.org Published On :: Thu, 22 Dec 2016 11:00:00 GMT Today, the OECD released an updated version of the BEPS Action 4 Report (Limiting Base Erosion Involving Interest Deductions and Other Financial Payments), which includes further guidance on two areas: the design and operation of the group ratio rule, and approaches to deal with risks posed by the banking and insurance sectors. Full Article
nc Kazakhstan, Côte d’Ivoire and Bermuda join the Inclusive Framework on BEPS By www.oecd.org Published On :: Fri, 06 Jan 2017 11:28:00 GMT Following the first meeting of the Inclusive Framework on BEPS in Japan, on 30 June-1 July, and recent regional meetings, more countries and jurisdictions are joining the framework. The Inclusive Framework on BEPS welcomed Kazakhstan, Côte d’Ivoire and Bermuda bringing to 94 the total number of countries and jurisdictions participating on an equal footing in the project. Full Article
nc Fostering inclusive growth in Malaysia By www.oecd.org Published On :: Wed, 11 Jan 2017 09:20:00 GMT Malaysia has followed a comparatively equitable development path, largely eliminating absolute poverty and greatly reduced ethnic inequality. Full Article
nc Thailand joins the Global Forum on Transparency and Exchange of Information for Tax Purposes By www.oecd.org Published On :: Thu, 26 Jan 2017 16:03:00 GMT Thailand's membership reinforces its commitment to implement both the international standard of exchange of information on request and the standard of automatic exchange of financial account information. Full Article
nc OECD announces further developments in international tax co-operation By www.oecd.org Published On :: Thu, 16 Mar 2017 15:00:00 GMT Six treaty partners of Hong Kong (China) signed a competent authority agreement with Hong Kong (China) bringing the total number of CAAs to nine. Panama deposited its instrument of ratification for the Convention on Mutual Administrative Assistance in Tax Matters. Full Article
nc OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (Baden-Baden, Germany) - March 2017 By www.oecd.org Published On :: Sat, 18 Mar 2017 11:57:00 GMT This report consists of two parts. Part I is an update report by the OECD Secretary-General regarding the latest developments in the international tax agenda, including (Annex 1) the joint OECD/IMF Report on Tax Certainty. Part II is a Progress Report to the G20 by the Global Forum on Transparency and Exchange of Information for Tax Purposes. Full Article
nc OECD releases new guidance for Automatic Exchange of Financial Account Information in Tax Matters By www.oecd.org Published On :: Thu, 06 Apr 2017 10:00:00 GMT To further support the consistent implementation of the Common Reporting Standard (CRS), the OECD today released a series of additional CRS-related Frequently Asked Questions; and the second edition of the Standard for Automatic Exchange of Financial Account Information in Tax Matters. Full Article
nc Tax systems help ensure that investments in skills make financial sense for both students and governments, says OECD By www.oecd.org Published On :: Thu, 06 Apr 2017 11:00:00 GMT Tax systems play an important role in encouraging investment in education and skills, and in ensuring that investments in skills deliver a healthy financial return for both students and governments, according to a new OECD report. Full Article
nc OECD releases further guidance for tax administrations and MNE Groups on Country-by-Country reporting (BEPS Action 13) By www.oecd.org Published On :: Thu, 06 Apr 2017 16:00:00 GMT The Inclusive Framework on BEPS has released additional guidance to provide essential information that will give certainty to tax administrations and MNE Groups alike on implementation of Country-by-Country (CbC) reporting (BEPS Action 13). Full Article
nc OECD tax rates on labour income continued decreasing slowly in 2016 By www.oecd.org Published On :: Tue, 11 Apr 2017 11:00:00 GMT OECD tax rates on labour income continued decreasing slowly in 2016 Full Article
nc The United Arab Emirates become the 109th jurisdiction to join the most powerful multilateral treaty against offshore tax evasion and avoidance By www.oecd.org Published On :: Fri, 21 Apr 2017 15:08:00 GMT His Excellency Muadid Hareb Mughair Al-Khaili, Ambassador of the United Arab Emirates to France, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in the presence of the OECD Deputy Secretary-General, Rintaro Tamaki. Full Article
nc Kuwait expands its capacity to fight international offshore tax avoidance and evasion By www.oecd.org Published On :: Fri, 05 May 2017 11:50:00 GMT Today, at the OECD Headquarters in Paris, H. E. Sami Mohammad Alsulaiman, Ambassador of Kuwait to France, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in the presence of OECD Deputy Secretary-General, Mrs. Mari Kiviniemi, therewith becoming the 110th jurisdiction to join the Convention. Full Article
nc OECD launches facility to disclose CRS avoidance schemes; over 1800 relationships now in place to automatically exchange CRS information between tax authorities By www.oecd.org Published On :: Fri, 05 May 2017 15:00:00 GMT As part of its ongoing efforts to maintain the integrity of the Common Reporting Standard (CRS), the OECD is today launching a disclosure facility on the AEOI portal which allows interested parties to report potential schemes to circumvent the CRS.Over 1800 bilateral exchange relationships in place for the exchange of CRS information. Full Article
nc Lebanon confirms its commitment towards greater tax transparency By www.oecd.org Published On :: Fri, 12 May 2017 09:36:00 GMT Lebanon represented by Mr Ghady El Khoury, Chargé d’affaires of the Embassy of Lebanon in France, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (“The Convention”), therewith becoming the 111th jurisdiction to join the Convention. Lebanon deposited its instrument of ratification for the Convention at the same time. Full Article
nc Tax Side Events: 2017 ECOSOC Forum on Financing for Development follow-up By www.oecd.org Published On :: Tue, 23 May 2017 09:00:00 GMT A portfolio of relevant side events will complement the official programme of the 2017 ECOSOC Forum on Financing for Development follow-up (22-25 May 2017) and provide additional space for all stakeholders and participants to discuss substantive matters in greater detail. Full Article
nc OECD releases a discussion draft on the implementation guidance on hard-to-value intangibles By www.oecd.org Published On :: Tue, 23 May 2017 10:00:00 GMT Public comments are invited on a discussion draft which provides guidance on the implementation of the approach to pricing transfers of hard-to-value intangibles described in Chapter VI of the Transfer Pricing Guidelines. Full Article
nc Djibouti joins the Inclusive Framework on BEPS and the Global Forum By www.oecd.org Published On :: Wed, 31 May 2017 11:00:00 GMT The Inclusive Framework on BEPS ("IF") welcomes Djibouti as its newest member, bringing to 97 the total number of countries and jurisdictions participating on an equal footing in the project. Djibouti also joins the Global Forum on Transparency and Exchange of Information for Tax Purposes as its 141st member. Full Article
nc Thailand joins the Inclusive Framework on BEPS and participates in first joint programme for the implementation of international tax standards By www.oecd.org Published On :: Fri, 02 Jun 2017 15:00:00 GMT Thailand has become the 98th jurisdiction to join the Inclusive Framework on BEPS (“IF”) and will participate on an equal footing with all other IF members at the next plenary meeting of the IF that will be held on 21-22 June 2017 in Noordwijk, the Netherlands. Full Article
nc Guatemala strengthens international tax co-operation – ratifies the Convention on Mutual Administrative Assistance in Tax Matters By www.oecd.org Published On :: Fri, 09 Jun 2017 17:00:00 GMT The President of the Republic of Guatemala, Jimmy Morales, today deposited Guatemala’s instrument of ratification for the Convention on Mutual Administrative Assistance in Tax Matters ("the Convention"). Full Article
nc OECD welcomes Viet Nam's commitment to implement the internationally agreed standards to tackle tax evasion and avoidance By www.oecd.org Published On :: Wed, 21 Jun 2017 11:00:00 GMT Viet Nam has become the 100th jurisdiction to join the Inclusive Framework on BEPS ("IF") on an equal footing with all other IF members, as announced by Mr. DANG NGOC Minh (Deputy General Director of the General Department of Taxation - GDT) at the third plenary meeting of the IF held on 21-22 June 2017 in Noordwijk, the Netherlands. Full Article
nc Third meeting of the Inclusive Framework on BEPS delivers results By www.oecd.org Published On :: Thu, 22 Jun 2017 14:00:00 GMT Over 200 delegates from 83 countries and jurisdictions as well as 12 international and regional organisations met in Noordvijk, The Netherlands, on 21-22 June 2017 for the Third Meeting of the Inclusive Framework on Base Erosion and Profit Shifting (BEPS). Full Article
nc Strong progress seen on international tax transparency By www.oecd.org Published On :: Wed, 28 Jun 2017 15:02:00 GMT Tax evasion continues to challenge governments in developing and developed countries alike, depriving them of resources that would otherwise be available to support sustainable development through investments in infrastructure, health and other common goods. Full Article
nc Bahrain expands its capacity to fight international tax avoidance and evasion By www.oecd.org Published On :: Thu, 29 Jun 2017 09:24:00 GMT Today, at the OECD Headquarters in Paris, H.E. Sheikh Ahmed bin Mohammed Al Khalifa, Minister of Finance of Bahrain signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and the CRS Multilateral Competent Authority Agreement (CRS MCAA). Full Article
nc Barbados joins the Inclusive Framework on BEPS By www.oecd.org Published On :: Tue, 04 Jul 2017 16:00:00 GMT Barbados has become the 101st jurisdiction to join the Inclusive Framework on BEPS (“IF”). Full Article
nc Mauritius signs the multilateral BEPS Convention to tackle tax avoidance by multinational enterprises By www.oecd.org Published On :: Wed, 05 Jul 2017 12:00:00 GMT Today at the OECD Headquarters in Paris, Mahess Rawoteea of the Ministry of Finance and Economic Development of Mauritius, signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the MLI) in the presence of Douglas Frantz, OECD Deputy Secretary-General. Full Article
nc Public comments received on the BEPS discussion draft on the Implementation Guidance on Hard-to-Value Intangibles By www.oecd.org Published On :: Wed, 05 Jul 2017 16:32:00 GMT On 23 May 2017, interested parties were invited to provide comments on a discussion draft that provides guidance on the implementation of the approach to pricing transfers of hard-to-value intangibles described in Chapter VI of the Transfer Pricing Guidelines. Full Article
nc OECD, CREDAF and UNDP hold a regional meeting of the Inclusive Framework on BEPS for French speaking countries By www.oecd.org Published On :: Thu, 06 Jul 2017 11:00:00 GMT Fifty delegates representing 10 countries gathered in Cotonou (Benin) on 3-5 July 2017 for the second regional meeting of the Inclusive Framework on Base Erosion and Profit Shifting (BEPS) for French speaking countries. These regional meetings offer participants from around the world the opportunity to provide their views and input to the Inclusive Framework on BEPS. Full Article
nc Montserrat joins the Inclusive Framework on BEPS By www.oecd.org Published On :: Thu, 06 Jul 2017 17:00:00 GMT The Inclusive Framework welcomed Montserrat, bringing to 102 the total number of countries and jurisdictions participating on an equal footing in the Project. Full Article