nc Cameroon becomes the 70th jurisdiction to join the multilateral BEPS Convention to tackle tax avoidance by multinational enterprises By www.oecd.org Published On :: Tue, 11 Jul 2017 16:57:00 GMT Today at the OECD Headquarters in Paris, Alamine Ousmane Mey, Minister of Finances of Cameroon, signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the MLI) in the presence of Pascal Saint-Amans, Director of the OECD Centre for Tax for Tax Policy and Administration. 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 :: Tue, 18 Jul 2017 11:00:00 GMT The Inclusive Framework on BEPS has released additional guidance to give certainty to tax administrations and MNE Groups alike on the implementation of Country-by-Country (CbC) Reporting (BEPS Action 13). Full Article
nc BEPS: Neutralising the tax effects of branch mismatch arrangements By www.oecd.org Published On :: Thu, 27 Jul 2017 11:00:00 GMT Today, the OECD released a report on Neutralising the Effects of Branch Mismatch Arrangements (BEPS Action 2). This new report sets out recommendations for changes to domestic law that would bring the treatment of these branch mismatch structures into line with outcomes described in the 2015 Report. Full Article
nc Costa Rica: Tax reform is needed to ensure inclusive growth By www.oecd.org Published On :: Tue, 01 Aug 2017 21:00:00 GMT Costa Rica has made significant economic and social progress over the last decades. Real GDP per capita continues to increase at rates which outperform many other Latin American and OECD countries. But while living standards and well-being have increased, tax reforms are essential now to ensure the sustainable development of Costa Rica’s economy, according to a new OECD report. Full Article
nc Nigeria signs both the Multilateral BEPS Convention and the CRS Multilateral Competent Authority Agreement to tackle international tax avoidance and evasion By www.oecd.org Published On :: Thu, 17 Aug 2017 15:00:00 GMT Today at the OECD Headquarters in Paris, Nigeria signed two major multilateral instruments: the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the MLI) and the CRS Multilateral Competent Authority Agreement (the CRS MCAA). Nigeria becomes the 71st jurisdiction to sign the MLI and the 94th jurisdiction to join the CRS MCAA. Full Article
nc Global Forum releases second round of compliance ratings on tax transparency for 10 jurisdictions By www.oecd.org Published On :: Mon, 21 Aug 2017 11:00:00 GMT The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published today the first 10 outcomes of a new and enhanced peer review process aimed at assessing compliance with international standards for the exchange of information on request between tax authorities. Full Article
nc OECD releases further guidance on Country-by-Country reporting (BEPS Action 13) By www.oecd.org Published On :: Wed, 06 Sep 2017 11:00:00 GMT The OECD's Inclusive Framework on BEPS has released two sets of guidance to give greater certainty to tax administrations and MNE Groups alike on the implementation and operation of Country-by-Country (CbC) Reporting (BEPS Action 13). Full Article
nc Brunei Darussalam expands its capacity to fight international offshore tax avoidance and evasion By www.oecd.org Published On :: Tue, 12 Sep 2017 16:39:00 GMT Today, at the OECD Headquarters in Paris, Her Excellency Datin Paduka Malai Halimah Malai Yussof, Ambassador Extraordinary and Plenipotentiary of Brunei Darussalam to France, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in the presence of OECD Deputy Secretary-General, Mr. Masamichi Kono. Full Article
nc Legal tax liability, legal remittance responsibility and tax incidence: Three dimensions of business taxation By dx.doi.org Published On :: Mon, 18 Sep 2017 11:00:00 GMT This paper examines the role of businesses in the tax system. In addition to being taxed directly, businesses act as withholding agents and remitters of tax on behalf of others. Yet the share of tax revenue that businesses remit to governments outside of direct tax liabilities is under-studied. Full Article
nc Onsite-visit in Kiev to launch induction programme assisting Ukraine in the implementation of the new international tax standards By www.oecd.org Published On :: Fri, 29 Sep 2017 10:54:00 GMT The visit launched a joint induction programme to assist Ukraine in the implementation of the new international standards, namely the BEPS package, and the standards for exchange of information on request and for the automatic exchange of financial account information (the “Common Reporting Standard”). Full Article
nc Governments rapidly dismantling harmful tax incentives worldwide: BEPS Project driving major changes to international tax rules By www.oecd.org Published On :: Mon, 16 Oct 2017 11:00:00 GMT Governments have dismantled, or are in the process of amending, nearly 100 preferential tax regimes as part of the OECD/G20 BEPS standards to improve the international tax framework, according to a progress report released today. Full Article
nc Onsite-visit in Tbilisi to launch induction programme and assist Georgia in the implementation of the new international tax standards By www.oecd.org Published On :: Wed, 18 Oct 2017 17:05:00 GMT On 16 October 2017, an OECD delegation met in Tbilisi the Georgian First Deputy Minister and Head of Georgia Revenue Service Giorgi Tabuashvili and Deputy Minister Lasha Khutsishvili to discuss the progress of the country in implementing the new international standards to combat tax avoidance and tax evasion. Full Article
nc Taxing wages: how taxes affect the disposable income of workers and wage costs of employers in OECD countries By oecdobserver.org Published On :: Mon, 23 Oct 2017 11:53:00 GMT Every worker and employer is directly affected by taxes on wages. Taxation is one of the principal ways we finance public services. It also helps us achieve important social objectives, such as redistributing wealth to address inequalities. But as the OECD’s annual Taxing Wages points out, tax policies on labour income may have an impact on individuals’ behaviour with respect to the labour market or their consumption habits. Full Article
nc OECD delivers implementation guidance for collection of value-added taxes (VAT/GST) on cross-border sales By www.oecd.org Published On :: Tue, 24 Oct 2017 14:00:00 GMT This guidance will support the consistent implementation of internationally agreed standards for the VAT treatment of cross-border trade and is of particular relevance given the rapid and ongoing digitalisation of the economy. Full Article
nc Peru expands its capacity to fight international offshore tax avoidance and evasion By www.oecd.org Published On :: Wed, 25 Oct 2017 20:00:00 GMT Today, in Lima (Peru), Claudia María Amelia Teresa Cooper Fort, Minister of Economy and Finance of Peru, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in the presence of the Deputy Director of the OECD's Centre for Tax Policy and Administration, Grace Perez-Navarro. The Republic of Peru is the 114th jurisdiction to join the Convention, and the 12th Latin American jurisdiction to do so. Full Article
nc Qatar expands its capacity to fight international offshore tax avoidance and evasion By www.oecd.org Published On :: Fri, 10 Nov 2017 10:00:00 GMT Today, in at the OECD Headquarters in Paris, His Excellency Khalid Bin Rashid Al-Mansouri, Ambassador of the State of Qatar to France, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in the presence of the Deputy Secretary-General Masamichi Kono. Full Article
nc Permit allocation rules and investment incentives in emissions trading systems By www.oecd.org Published On :: Wed, 15 Nov 2017 12:00:00 GMT This paper asks whether free allocation of tradable emission permits in emissions trading systems can weaken emission abatement incentives for firms. Full Article
nc OECD launches programme to assist Cameroon to implement new international tax standards By www.oecd.org Published On :: Thu, 16 Nov 2017 13:12:00 GMT On 16 November 2017, an OECD delegation met Cameroon’s Minister of Finance Alamine Ousmane Mey in Yaounde to discuss progress being made in implementing the new international standards to combat tax avoidance and tax evasion. Full Article
nc The Global Forum on Tax Transparency intensifies the pressure on tax evaders worldwide By www.oecd.org Published On :: Fri, 17 Nov 2017 11:24:00 GMT In the aftermath of the release of the “Paradise Papers”, 200 delegates from more than 90 delegations met in Yaoundé, Cameroon for the 10th meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes which now includes 147 countries and jurisdictions. Full Article
nc Revenue Statistics 2017 to launch Thursday 23 November 2017 By www.oecd.org Published On :: Mon, 20 Nov 2017 14:30:00 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 OECD Council approves the 2017 update to the OECD Model Tax Convention By www.oecd.org Published On :: Thu, 23 Nov 2017 10:15:00 GMT On 21 November 2017 the OECD Council approved the contents of the 2017 update to the OECD Model Tax Convention. The update will be incorporated in a revised version of the Model Tax Convention that will be published in the next few months. Full Article
nc Social security contributions and consumption taxes give way to personal income taxes, as corporate income taxes fail to recover By www.oecd.org Published On :: Thu, 23 Nov 2017 11:00:00 GMT Social security contributions and consumption taxes give way to personal income taxes, as corporate income taxes fail to recover Full Article
nc OECD launches BEPS support programme to assist Kazakhstan in the implementation of the new international tax standards By www.oecd.org Published On :: Wed, 29 Nov 2017 15:00:00 GMT On 28 November 2017, an OECD delegation met Bakhyt Sultanov, the Kazakhstan Minister of Finance, in Astana to launch an initiative to assist Kazakhstan in the implementation of the measures to tackle Base Erosion and Profit Shifting (BEPS). 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, 30 Nov 2017 12:00:00 GMT The Inclusive Framework on BEPS has released additional guidance to give certainty to tax administrations and MNE Groups alike on the implementation of Country-by-Country (CbC) Reporting (BEPS Action 13). Full Article
nc OECD seeks input on new tax rules requiring disclosure of CRS avoidance arrangements and offshore structures By www.oecd.org Published On :: Mon, 11 Dec 2017 11:00:00 GMT Today the OECD is releasing a consultation document seeking stakeholder input on model mandatory disclosure rules. The model rules target promoters and service providers with a material involvement in the design, marketing or implementation of a CRS avoidance arrangements or offshore structure. They would require such intermediaries to disclose information on the scheme to their local tax authority. Full Article
nc The Bahamas takes strong steps forward to join international efforts against tax evasion and avoidance By www.oecd.org Published On :: Fri, 15 Dec 2017 16:15:00 GMT Today, at the OECD Headquarters in Paris, The Hon. Kevin Peter Turnquest, Deputy Prime Minister and Minister of Finance of the Bahamas signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (“the Convention”) in the presence of OECD Secretary General Angel Gurria. Full Article
nc Public comments received on new tax rules requiring disclosure of CRS avoidance arrangements and offshore structures By www.oecd.org Published On :: Thu, 18 Jan 2018 17:00:00 GMT On 11 December 2017, interested parties were invited to provide comments on a discussion draft on model mandatory disclosure rules. The model rules are intended to target promoters and service providers with a material involvement in the design, marketing or implementation of CRS avoidance arrangements or offshore structures. Full Article
nc Eight FTA members kick off multilateral tax risk assurance programme to provide early certainty for tax administrations and MNEs By www.oecd.org Published On :: Tue, 23 Jan 2018 23:00:00 GMT A pilot of a new FTA programme for the multilateral risk assessment of large MNE groups was launched at an event today in Washington DC, hosted by the Internal Revenue Service. Full Article
nc OECD announces further developments in BEPS implementation By www.oecd.org Published On :: Thu, 08 Feb 2018 11:00:00 GMT The Inclusive Framework on BEPS has released additional guidance to give certainty to tax administrations and MNE Groups alike on the implementation of Country-by-Country (CbC) Reporting (BEPS Action 13). The Inclusive Framework also approved updates to the results for preferential regime reviews conducted by the Forum on Harmful Tax Practices (FHTP) in connection with BEPS Action 5. Full Article
nc OECD releases consultation document on misuse of residence by investment schemes to circumvent the Common Reporting Standard By www.oecd.org Published On :: Mon, 19 Feb 2018 11:00:00 GMT Public input is sought both to obtain further evidence on the misuse of CBI/RBI schemes and on effective ways for preventing abuse. Full Article
nc OECD and Brazil launch project to examine differences in cross-border tax rules By www.oecd.org Published On :: Wed, 28 Feb 2018 18:30:00 GMT The OECD and Brazil today launched a joint project to examine the similarities and gaps between the Brazilian and OECD approaches to valuing cross-border transactions between associated firms for tax purposes. The project will also assess the potential for Brazil to move closer to the OECD’s transfer pricing rules, which are a critical benchmark for OECD member countries and followed by countries around the world. Full Article
nc Egypt and OECD launch EU-funded programme to enhance domestic resource mobilisation By www.oecd.org Published On :: Wed, 07 Mar 2018 15:00:00 GMT During a meeting on International Tax Reform, the Ministry of Finance and the OECD launched a programme on "Enhancing Domestic Resource Mobilisation in Egypt through a better tax and exchange of information system". The project, financed by the EU, provides EUR 1.2 million in funding over two and a half years, and will assist Egypt in the implementation of the new international standards to tackle tax avoidance and tax evasion. Full Article
nc Game over for CRS avoidance! OECD adopts tax disclosure rules for advisors By www.oecd.org Published On :: Fri, 09 Mar 2018 11:00:00 GMT Today, the OECD has issued new model disclosure rules that require lawyers, accountants, financial advisors, banks and other service providers to inform tax authorities of any schemes they put in place for their clients to avoid reporting under the OECD/G20 Common Reporting Standard (CRS) or prevent the identification of the beneficial owners of entities or trusts. Full Article
nc OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (Buenos Aires, Argentina) - March 2018 By www.oecd.org Published On :: Tue, 20 Mar 2018 16:00:00 GMT This report outlines the activities and achievements of the OECD’s tax agenda, while looking ahead at the further progress needed, in particular through the OECD/G20 Inclusive Framework on BEPS. It also provides a Progress Report to the G20 by the Global Forum on Transparency and Exchange of Information for Tax Purposes. Full Article
nc OECD releases additional guidance on the attribution of profits to a permanent establishment under BEPS Action 7 By www.oecd.org Published On :: Thu, 22 Mar 2018 11:00:00 GMT The additional guidance resulting sets out high-level general principles, which countries agree are relevant and applicable in attributing profits to PEs in accordance with applicable treaty provisions. It also provides examples on the attribution of profits to certain types of PEs arising from the changes to the PE definition under BEPS Action 7. Full Article
nc Global Forum issues tax transparency compliance ratings for nine jurisdictions as membership rises to 150 By www.oecd.org Published On :: Wed, 04 Apr 2018 10:37:00 GMT The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published today nine peer review reports assessing compliance with international standards on tax transparency. Full Article
nc Better design of taxes on personal savings and wealth is needed to support inclusive growth By www.oecd.org Published On :: Thu, 12 Apr 2018 11:00:00 GMT The taxation of personal savings and wealth varies widely, offering governments significant scope for tax reforms that simultaneously improve both the efficiency and fairness of their tax systems, according to two new OECD reports. Full Article
nc Public comments received on misuse of residence by investment schemes to circumvent the Common Reporting Standard By www.oecd.org Published On :: Tue, 17 Apr 2018 12:00:00 GMT The consultation document assessed how these schemes are used in an attempt to circumvent the CRS; identified the types of schemes that present a high risk of abuse; reminded stakeholders of the importance of correctly applying relevant CRS due diligence procedures in order to help prevent such abuse; and explained next steps the OECD will undertake to further address the issue, assisted by public input. Full Article
nc OECD addresses the misuse of residence/citizenship by investment schemes By www.oecd.org Published On :: Thu, 19 Apr 2018 08:00:00 GMT Today’s revelations from the “Daphne Project” on the Maltese residence and citizenship by investment schemes underline the crucial importance of the the OECD’s work to ensure that the integrity of the OECD/G20 Common Reporting Standard (CRS) is preserved and that any circumvention is detected and addressed. Full Article
nc Bahrain joins the Inclusive Framework on BEPS By www.oecd.org Published On :: Fri, 11 May 2018 16:00:00 GMT Bahrain has become the 115th jurisdiction to join the Inclusive Framework on BEPS (“IF”). The IF was established in January 2016, after the G20 Leaders urged the timely implementation of the BEPS package released in October 2015 and called on the OECD to develop a more inclusive framework with the involvement of interested non-G20 countries and jurisdictions, including developing economies. Full Article
nc OECD Workshop on digital financial assets By www.oecd.org Published On :: Tue, 15 May 2018 13:34:00 GMT Paris, 15-16 May 2018 - This workshop will focus on recent developments and main policy challenges related to the emergence of digital financial assets. Discussions will cover monetary policy and financial systems, regulation, firms’ business and funding models, and taxation. Full Article
nc The United Arab Emirates joins the Inclusive Framework on BEPS By www.oecd.org Published On :: Wed, 16 May 2018 16:00:00 GMT The United Arab Emirates has become the 116th jurisdiction to join the Inclusive Framework on BEPS (“IF”). The IF was established in January 2016, after the G20 Leaders urged the timely implementation of the BEPS package released in October 2015 and called on the OECD to develop a more inclusive framework with the involvement of interested non-G20 countries and jurisdictions, including developing economies. Full Article
nc OECD releases decisions on 11 preferential regimes of BEPS Inclusive Framework Members By www.oecd.org Published On :: Thu, 17 May 2018 16:51:00 GMT Governments are continuing to make swift progress in bringing their preferential tax regimes in compliance with the OECD/G20 BEPS standards to improve the international tax framework. Today the Inclusive Framework released the updates to the results for preferential regime reviews conducted by the Forum on Harmful Tax Practices (FHTP) in connection with BEPS Action 5. Full Article
nc Peru to join two major OECD Conventions:Anti-Bribery Convention and multilateral Convention on Mutual Administrative Assistance in Tax Matters By www.oecd.org Published On :: Mon, 28 May 2018 15:57:00 GMT Peru is taking important steps toward fighting corruption and fostering greater transparency and exchange of information by completing the necessary steps to become a Party to the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (Anti-Bribery Convention) and the multilateral Convention on Mutual Administrative Assistance in Tax Matters. Full Article
nc Paraguay joins international efforts against tax evasion and avoidance By www.oecd.org Published On :: Tue, 29 May 2018 12:00:00 GMT Paraguay signed today the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, making it the 119th jurisdiction to join the world’s leading instrument for boosting transparency and combating cross-border tax evasion. Full Article
nc Reshaping the Personal Income Tax in Slovenia By www.oecd.org Published On :: Wed, 13 Jun 2018 14:00:00 GMT This report presents a tax reform package that prepares Slovenia for the ageing of its population. Slovenia faces a window of opportunity for a comprehensive tax reform that rebalances the tax mix away from employee social security contributions (SSCs) towards the personal income tax (PIT). Full Article
nc OECD launches programme in Ouagadougou to support Burkina Faso in implementing new international tax standards By www.oecd.org Published On :: Wed, 13 Jun 2018 17:00:00 GMT Today, in Ouagadougou, an OECD delegation met the Minister of Economy, Finance and Development of Burkina Faso, Mrs. Hadizatou Rosine Coulibaly, to discuss the progress made in the implementation of new international tax standards. Full Article
nc OECD and IGF invite comments on a draft toolkit that will help developing countries to identify and cost potential behavioural responses by mining investors to tax incentives By www.oecd.org Published On :: Mon, 18 Jun 2018 16:00:00 GMT This draft toolkit has been prepared by the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF), under a programme of co-operation with the OECD, to help governments anticipate and limit the cost of mining tax incentives. It is part of wider efforts to address some of the challenges developing countries are facing in raising revenue from their mining sectors. Full Article
nc OECD releases new guidance on the application of the approach to hard-to-value intangibles and the transactional profit split method under BEPS Actions 8-10 By www.oecd.org Published On :: Thu, 21 Jun 2018 16:00:00 GMT Today, the OECD released two reports containing Guidance for Tax Administrations on the Application of the Approach to Hard-to-Value Intangibles under BEPS Action 8; and Revised Guidance on the Application of the Transactional Profit Split Method under BEPS Action 10. Full Article
nc OECD launches largest source of comparable tax revenue data By www.oecd.org Published On :: Thu, 28 Jun 2018 11:00:00 GMT A new database providing detailed and comparable tax revenue information for 80 countries around the world – and which and will expand to cover more than 90 countries by the end of 2018 – was unveiled today during the 5th plenary meeting of the Inclusive Framework on BEPS, held in Lima, Peru. Full Article