On 16 December 2014, the OECD invited comments from interested parties on a discussion draft on the use of profit splits in the context of global value chains. This work relates to Action 10 of the BEPS Action Plan. The OECD is grateful to the commentators for their input, and now publishes the comments received.

The OECD has just released the draft contents of the 2017 update to the OECD Model Tax Convention. Comments are requested at this time only with respect to certain parts of the 2017 update that have not previously been released for comments.

Public comments received on the draft contents of the 2017 Update to the OECD Model Tax Convention

This paper explores the development of the bioplastics sector and its role in national bioeconomy strategies. It finds that bioplastics are at a disadvantage compared to some other biobased products, notably biofuels, that often benefit from preferential treatment. It also notes that greater efforts are needed at the international level as regards standards to avoid creating barriers to international trade in biobased products.

With gross government debt of 219% of GDP in 2016, Japan’s fiscal situation is in uncharted territory and puts the economy at risk.

Despite progress in the past decade, financial markets in Colombia remain relatively small and shallow. In particular the banking system suffers high intermediation costs, which limit constrains access to finance by households and firms.

Chinese film-maker Bi Gan’s movie slips into a beautiful, bewildering netherworld

Style options distilled from a confluence of African, Arab and Mediterranean cultures

From formaldehyde sheep to giant horses, Simon Schama - in this recording of his FT Frieze week lecture - traces contemporary animal attractions to great works in the history of art  

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It's been a big week for contemporary British art. First the opening of the British Art Show 7 in Nottingham, then the second instalment of Newspeak at the Saatchi Gallery in London. To round it off, on Sunday Channel 4 will show “Modern Times”, the fifth in its series The Genius of Britain, this time presented by Janet Street-Porter. Peter Aspden, FT arts writer, and John Lloyd, FT television columnist, discuss art and celebrity: Charles Saatchi, Damien Hirst and the inimitable Janet Street-Porter. FT art critic Jackie Wullschlager reports on the British Art Show. Does it really represent the art of the nation? Produced by Griselda Murray Brown  

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As the Royal Ballet rehearses Christopher Wheeldon's 'Alice in Wonderland', its first new full-length ballet in 15 years, Peter Aspden talks to Royal Ballet principal Tamara Rojo, Sadler’s Wells artistic director Alistair Spalding and FT critic Clement Crisp. Does 'Alice' represent a return to traditional values? Are ballet companies doing enough to encourage new work? And, what is the relationship between classical ballet and contemporary work? Produced by Griselda Murray Brown  

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Ever been to a classical club night or an opera in a warehouse? This week on the arts podcast Jan Dalley talks to her guests about how people consume classical music today. She is joined by Gabriel Prokofiev, composer, DJ and grandson of the Russian composer Sergei; Frederic Wake-Walker, artistic director of pioneering company The Opera Group; and FT writer Laura Battle. With clips from Gabriel Prokofiev's 'Concerto for Turntables and Orchestra', and Elena Langer's 'The Lion's Face', commissioned performed by The Opera Group. Produced by Griselda Murray Brown  

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Tens of thousands of Russians have taken to the streets this summer to express their disaffection with a government that has failed to deliver economic growth or improve living standards for much of the past five years. Adrienne Klasa discusses this new mood of rebellion and how Russian president Vladimir Putin has responded with Henry Foy, Moscow bureau chief, and Russian sociologist Greg Yudin.

Contributors: Adrienne Klasa, creative producer, world news, Henry Foy, Moscow bureau chief, and Greg Yudin, Professor of Political Philosophy at the Moscow School of Social and Economic Sciences. Producer: Fiona Symon

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Electriphi, a provider of charging management and fleet monitoring software for electric vehicles, has joined the scrum of startups looking to provide services to the growing number of electric vehicle fleets in the U.S. The San Francisco-based company has just raised $3.5 million in seed funding from investors, including Wireframe Ventures, the Urban Innovation Fund […]

Many TikTok videos don’t start from scratch, so neither can its competitors. TikTok is all about remixes where users shoot a new video to recontextualize audio pulled from someone else’s clip, or riff on an existing meme or concept. That only works because TikTok’s had time to build up an immense armory of content to […]

Is “Too Hot to Handle” the dumbest show on Netflix … or the most diabolically brilliant? The reality TV series brings a group of twentysomethings together on a secluded tropical retreat, then — after a brief getting-to-know-you period — warns them that anything even coming close to sex will result in a reduction of the […]

The Netflix crime drama “Ozark” might not be exactly what you think of when you hear the phrase “high octane.” While there are a few big explosions, there are far more scenes of people talking urgently to each other while filmed in muted tones. A more apt description might be “high pulse rate.” Once you […]

If you think that action movies generally suffer from an excess of characterization, then “Extraction” is the movie for you. Almost everything about the film that’s not an action scene is dealt with in a perfunctory way, starting from the sketchy characterization of our hero Tyler Rake (played by Chris Hemsworth) — he’s muscular, good […]

We’ll admit it: Some of your Original Content podcast hosts are a little skeptical about improvised comedy. Of course, we can enjoy improv when it’s done well. It’s just that we’ve seen it done less well, often by friends who are so enthusiastic without being particularly funny. And our friends aside, live improv has rarely […]

“Waco,” a Paramount Network series that recently started streaming on Netflix, dramatizes the tragic real-life standoff between the FBI, the ATF and the Branch Davidians. A couple of your Original Content podcast hosts only had a fuzzy idea of what actually went down in Waco, Texas in 1993. And all of us were surprised by […]

We’ll admit it: Some of your Original Content podcast hosts are a little skeptical about improvised comedy. Of course, we can enjoy improv when it’s done well. It’s just that we’ve seen it done less well, often by friends who are so enthusiastic without being particularly funny. And our friends aside, live improv has rarely […]

“Waco,” a Paramount Network series that recently started streaming on Netflix, dramatizes the tragic real-life standoff between the FBI, the ATF and the Branch Davidians. A couple of your Original Content podcast hosts only had a fuzzy idea of what actually went down in Waco, Texas in 1993. And all of us were surprised by […]

You don't have to be an artist to make great digital art.

If your business isn't reaching its target customers online, you're blowing a big opportunity.

Legal documents have exposed the strict and often bizarre rules reality TV contestants must abide by during filming.

House Rules: High Stakes will deliver exactly what it says on the box, the renovation show's new contestants insist. 

House Rules: High Stakes will see eight teams renovate the Focus Tower at Surfers Paradise on the Gold Coast.

Kyly Clarke is the biggest star on House Rules: High Stakes. And it appeared she captured the attention of some of the male contestants on Wednesday night's episode

The social media sensation, 28, hails from Harlow, Essex, is best friends with TOWIE star Pete Wicks, 31, and already boasts over 100,000 followers.

The Born to Run singer, in his run for the Emmy, faces competition from three other Netflix projects as well as CBS's Carpool Karaoke: When Corden Met McCartney Live From Liverpool.

Jemma Reekie's astonishing early-season form has continued with a third national record in the space of two races. The 21-year-old set new bests in the 1500m and mile in New York.

Jemma Reekie's coach Andy Young believes the breakthrough star of British athletics packs enough of a kick to be an Olympic contender this summer after her victory in Glasgow on Saturday.

PETE JENSON AT THE SAN SIRO: Barcelona played the kids and still managed to knock Antonio Conte's Inter Milan out of the Champions League.

The former Made In Chelsea star, 30, is quickly approaching her May due date and showed viewers a host of items she has packed.

As the third weekend of Six Nations action draws to a close, Sportsmail's Chris Foy digests the best of the offerings around the grounds...

Prop Vunipola had returned with injured brother Billy to Tonga for a family emergency, but was on Monday included in a 34-man group for the Welsh match. Vunipola's return is a timely boost.

MasterChef Australia made its highly-anticipated return to TV screens on Monday night. 

Australia has come to love the judges on Channel Ten's MasterChef. But Gary Mehigan, George Calombaris and Matt Preston have revealed they were originally cast as 'mean' judges.

Masterchef fans have taken issue at born-and-raised Australian contestant Chloe Carroll cooking a Ghanaian dish on Wednesday's episode.

She is battling it out to be crowned the winner of Australia's hottest cookery competition.

Hoda Kobeissi is battling it out to be crowned the winner of MasterChef's tenth season.

Brendan Pang suffered a shocking accident on Wednesday's episode of MasterChef when a fall left him with a bloody gash on his hand. 

Matt Preston is known for his controversial antics on Masterchef Australia.

Monday's MasterChef pressure test led to errors in all three competitor dishes. Ultimately, it was 32-year-old mum Lisa Diep who was sent packing.

With the finals rapidly drawing closer, MasterChef had a surprise twist for the remaining contestants on Sunday night's episode.

MasterChef Australia contestant Jess Liemantara was eliminated on Sunday night after her peanut praline failed to impress.

Channel 10 has chosen a diverse group of contestants for the much anticipated return of MasterChef this year.

On Tuesday's episode of MasterChef Australia: Back To Win, the contestants faced a unique pasta challenge. 

Almost two months after it was revealed Ben Ungermann was arrested, MasterChef fans are continuing to speculate about what prompted his run-in with the law, leading to him leaving the show.

Rory McIlroy carded a six-under-par 65 in the opening round of The Northern Trust as Tiger Woods struggled to a 75 in the first FedEx Cup play-off event.