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Saint Lucia expands its capacity to fight international tax avoidance and evasion

Saint Lucia today signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. Saint Lucia became the 107th jurisdiction to join the Convention.




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OECD releases additional guidance on Action 4 of the BEPS Action Plan to curb international tax avoidance

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.




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The United Arab Emirates become the 109th jurisdiction to join the most powerful multilateral treaty against offshore tax evasion and avoidance

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.




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Kuwait expands its capacity to fight international offshore tax avoidance and evasion

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.




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OECD launches facility to disclose CRS avoidance schemes; over 1800 relationships now in place to automatically exchange CRS information between tax authorities

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.




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OECD welcomes Viet Nam's commitment to implement the internationally agreed standards to tackle tax evasion and avoidance

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.




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Bahrain expands its capacity to fight international tax avoidance and evasion

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).




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Mauritius signs the multilateral BEPS Convention to tackle tax avoidance by multinational enterprises

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.




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Cameroon becomes the 70th jurisdiction to join the multilateral BEPS Convention to tackle tax avoidance by multinational enterprises

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.




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Nigeria signs both the Multilateral BEPS Convention and the CRS Multilateral Competent Authority Agreement to tackle international tax avoidance and evasion

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.




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Brunei Darussalam expands its capacity to fight international offshore tax avoidance and evasion

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.




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Peru expands its capacity to fight international offshore tax avoidance and evasion

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.




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Qatar expands its capacity to fight international offshore tax avoidance and evasion

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.




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OECD seeks input on new tax rules requiring disclosure of CRS avoidance arrangements and offshore structures

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.




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The Bahamas takes strong steps forward to join international efforts against tax evasion and avoidance

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.




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Public comments received on new tax rules requiring disclosure of CRS avoidance arrangements and offshore structures

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.




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Game over for CRS avoidance! OECD adopts tax disclosure rules for advisors

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.




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Paraguay joins international efforts against tax evasion and avoidance

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.




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Antigua and Barbuda becomes the 125th jurisdiction to join the most powerful multilateral instrument against offshore tax evasion and avoidance

Antigua and Barbuda today signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. It is the 125th jurisdiction to join the Convention.




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OECD clamps down on CRS avoidance through residence and citizenship by investment schemes

As part of its work to preserve the integrity of the CRS, the OECD has published the results of its analysis of over 100 CBI/RBI schemes offered by CRS-committed jurisdictions, identifying those schemes that potentially pose a high-risk to the integrity of CRS.




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Ecuador joins international efforts against tax evasion and avoidance

Ecuador today signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, making it the 126th jurisdiction to join the world’s leading instrument for boosting transparency and combating cross-border tax evasion. The Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA) was also signed.




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Mauritania joins international efforts against tax evasion and avoidance

Today, at the OECD Headquarters in Paris, H.E. Aichetou Mint M’Haiham, Ambassador of Mauritania to France, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Convention) in the presence of the OECD Deputy Secretary-General Ludger Schuknecht. Mauritania is the 127th jurisdiction to join the Convention.




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Dominica joins international efforts against tax evasion and avoidance

Today, at the OECD Headquarters in Paris, H.E. Sharlene Shillingford-McKlmon, Ambassador of Dominica to the European Union, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Convention). Dominica is the 128th jurisdiction to join the Convention.




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Serbia joins international efforts against tax evasion and avoidance

Today, at the OECD Headquarters in Paris, Slavica Savicic, State Secretary for Finance of the Republic of Serbia, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Convention) in the presence of the OECD Deputy Secretary-General Jeffrey Schlagenhauf. Serbia is the 129th jurisdiction to join the Convention.




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Montenegro joins international efforts against tax evasion and avoidance

Today, at the OECD Headquarters in Paris, Biljana Peranović, Director General of the Directorate for Tax and Customs of Montenegro, signed the multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Convention) in the presence of the OECD Director of Legal Affairs, Nicola Bonucci. Montenegro is the 130th jurisdiction to join the Convention.




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Armenia and Italy agree on OECD/UNDP Tax Inspectors Without Borders partnership to combat international tax avoidance and evasion

A signing ceremony between the Italian Revenue Agency (Agenzia delle Entrate) and the State Revenue Committee of Armenia took place at the OECD today, establishing work plans for two assistance programmes initiated through Tax Inspectors Without Borders (TIWB) – a joint OECD/UNDP capacity building initiative.




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Benin, Bosnia and Herzegovina, Cabo Verde, Mongolia and Oman join the most powerful multilateral instrument against offshore tax evasion and avoidance

On the occasion of the 10th Plenary Meeting of the Global Forum a further five countries signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, therewith bringing the total number of participating in the Convention to 135.




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Togo joins international efforts against tax evasion and avoidance

Today, at the OECD Headquarters in Paris, Calixte Batossie Madjoulba, Ambassador of Togo in France, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Convention) in the presence of the OECD Deputy Secretary-General Ludger Schuknecht. Togo is the 136th jurisdiction to join the Convention.




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Avoiding death by diesel, blog post by Simon Upton

"It is estimated that air pollution from diesel-fuelled road transport kills 10 times more people each year in France than those who die in road accidents": OECD Insights Blog's post by Simon Upton, head of the OECD Environment Directorate, founder and Chair of the Round Table on Sustainable Development, and former New Zealand environment minister.




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The People's Republic of China - Avoiding the middle-income trap: Policies for sustained and inclusive growth

This report presents an update of OECD policy advice in areas that are critical to China’s long-term economic performance and social development. They include food security, social safety nets, health reform, green growth, climate change and urbanisation.




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China’s march to prosperity: reforms to avoid the middle-income trap

China is well-placed to avoid the so-called "middle-income trap" and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon.




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Stronger policy response needed to avoid risks to growth, especially in the euro area, says OECD in latest Economic Outlook

Modest global economic forecasts, continuing high unemployment, and downshifts in potential output,should spur governments with a greater sense of urgency to fully employ monetary, fiscal and structural policy levers to support growth, notably in Europe, according to the OECD’s latest Economic Outlook.




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Avoiding debt traps: financial backstops and structural reforms

In this paper we develop a simple analytical framework to analyze “good” and “bad equilibria” in public-debt and growth dynamics.




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Anti-avoidance rules against international tax planning: A classification

This paper describes the main anti-avoidance rules against international tax planning by multinational enterprises in OECD and G20 countries.




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UK government set to avoid forcing people to wear cloth masks in public

Ministers expected to say use of coverings could stop virus spread in some circumstances




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Hertz avoids bankruptcy with last-minute deal

US car rental group backed by billionaire Carl Icahn extends crucial payment deadline




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There is a void where EU foreign policy should be

The continent could become a playground of conflicting US, Chinese and Russian interests




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Lucid Lane has developed a service to get patients off of pain meds and avoid addiction

Four years ago, Adnan Asar, the founder of the new addiction prevention service Lucid Lane, was enjoying a successful career working as the founding chief technology officer at Livongo Health. It was the serial senior tech executive’s most recent job after a long stint at Shutterfly and he was shepherding the company through the development […]




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Lucid Lane has developed a service to get patients off of pain meds and avoid addiction

Four years ago, Adnan Asar, the founder of the new addiction prevention service Lucid Lane, was enjoying a successful career working as the founding chief technology officer at Livongo Health. It was the serial senior tech executive’s most recent job after a long stint at Shutterfly and he was shepherding the company through the development […]




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Australian tennis bad boy Nick Kyrgious avoids immediate ban from the game following outburst

The 24-year-old Australian was given a six-month probation period and faces a lengthy suspension if he doesn't promise to be on his best behaviour for six months.




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SPORTS AGENDA: Broadcasters to hold meetings to discuss how to fill the TV void

MIKE KEEGAN - SPORTS AGENDA: Sports broadcasters will hold crisis meetings on Monday to discuss how they are going to fill their schedules over the coming weeks and possibly months.




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The feats and records consigned to history's scrapheap if the 2019-20 season ends up null and void  

The prospect of the 2019-20 season being declared 'null and void' looms large over football. We take a look at some of the records, achievements and landmarks that could be erased from history.




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Antoine Griezmann must step up for Barcelona to avoid Philippe Coutinho comparisons

PETE JENSON IN SPAIN: Antoine Griezmann needs to be the new Luis Suarez over the next three weeks, just to silence all the talk about him being the new Philippe Coutinho.




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Antoine Griezmann is starting to show that he is the man to fill the Luis Suarez void at Barcelona 

PETE JENSON IN SPAIN: Antoine Griezmann is vital for the Quique Setien; and he's started to prove that they don't need to sign a new striker to replace the long-term injured Luis Suarez




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Kylie Jenner avoids Nicki Minaj run-in on MTV VMAs red carpet

The 21-year-old makeup mogul stopped in her tracks when she saw the singer who recently took to Twitter to bash Travis Scott and their baby girl Stormi after the release of his album Astroworld.




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Nicki Minaj addresses THAT video of Kylie Jenner avoiding her at VMAs

Nicki Minaj has reacted to the much discussed video of Kylie Jenner abruptly changing direction to avoid her on the MTV VMA red carpet on Monday, saying: 'I f***ing love Kylie and that's not going to change.'




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MasterChef's Matt Preston says the cooking show is avoiding drama

MasterChef Australia judge Matt Preston is sick of drama taking precedence over what happens in the kitchen on cooking shows. 




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MasterChef's Matt Preston lists the best foods to eat to avoid getting 'hangry'

Matt Preston knows a thing or two about good food. 




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Leeds Rhinos boss Richard Agar backs Super League new boys Toronto Wolfpack to avoid relegation

Leeds Rhinos coach Richard Agar watched his side hammer Super League new boys Toronto Wolfpack 66-12 to keep them rooted to the foot of the table but tipped them to avoid relegation.




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SCRUM'S THE WORD: Ken Owens' wife to the rescue as Wales hooker avoids suspension

WILL KELLEHER: Ken Owens might have avoided a suspension thanks to his wife, joked Warren Gatland. The Wales hooker was yellow-carded for a tip-tackle of Fiji No 8 Viliame Mata.