Mali joins the Global Forum on Tax Transparency
Mali joins the international fight against tax evasion by becoming the 161st member of the Global Forum on Transparency and Exchange of Information for Tax Purposes.
Mali joins the international fight against tax evasion by becoming the 161st member of the Global Forum on Transparency and Exchange of Information for Tax Purposes.
New economic analysis shows that a proposed solution to the tax challenges arising from the digitalisation of the economy under negotiation at the OECD would have a significant positive impact on global tax revenues.
As part of the Inclusive Framework’s work relating to the tax challenges arising from the digitalisation of the economy, the OECD has been carrying out an economic analysis and impact assessment of the Pillar 1 and Pillar 2 proposals. Please join a live webcast with experts from the OECD to learn more about this work, which will include a presentation of preliminary results on the revenue and investment effects of the proposals.
Part I reports on the activities in the OECD's international tax agenda, in particular the progress made in addressing the tax challenges arising from the digitalisation of the economy. It also provides an update on G20 tax deliverables including tax transparency, implementation of BEPS measures & capacity building to support developing countries. Part II reports on the activities of the Global Forum.
Today, the OECD released IT-formats and guidance to support the technical implementation of the OECD Treaty Relief and Compliance Enhancement (TRACE) initiative, as well as to facilitate the wider use of the OECD Common Transmission System (CTS) for the exchange of information between tax administrations.
The Global Forum and the Italian Revenue Agency carried out an onsite visit in Tirana to assist Albania with the implementation of the international standard of automatic exchange of financial account information (AEOI).
On 28 February, Portugal deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) with the OECD’s Secretary-General, therewith underlining its strong commitment to prevent the abuse of tax treaties and BEPS by multinational enterprises. For Portugal, the MLI enters into force on 1 June 2020.
The Global Forum on Transparency and Exchange of Information for Tax Purposes visited the Headquarter of the African Development Bank (AfDB) on 3-4 February 2020 to discuss the tax transparency agenda in Africa.
On 6 Feburary 2020, interested parties were invited to provide comments on the Review of the BEPS Action 13 minimum standard. The OECD is grateful to the commentators for their input and now publishes the public comments received.
Today, San Marino deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) with the OECD’s Secretary-General, therewith underlining its strong commitment to prevent the abuse of tax treaties and BEPS by multinational enterprises. For San Marino, the MLI enters into force on 1 July 2020.
OECD Tax Policy Reviews: Seychelles 2020 provides an in-depth and comparative assessment of Seychelles’ tax system, and identifies a number of recommendations for tax reform. This publication, which is part of the OECD Tax Policy Reviews series, focused primarily on the examination of the business tax.
Comprised of 34 Global Forum members, the Automatic Exchange of Information Peer Review Group (APRG) held its first meeting on 16-18 March 2020 to discuss key issues in ensuring that jurisdictions are putting in place what is required to deliver an effective AEOI Standard, as well as how the recent developments in relation to Covid-19 might impact expectations.
These potential measures, which are not recommendations, are intended to assist policymakers as they respond in their own national context.
Progress continues with the implementation of the BEPS package, as the OECD releases the second peer review assessing countries’ efforts to implement the Action 6 minimum standard as agreed under the OECD/G20 BEPS Project.
In the light of the worsening global impacts of Covid-19 on individual taxpayers, businesses and the wider economy, the OECD Forum on Tax Administration (FTA) has today published a global reference document setting out actions that FTA tax administrations are currently taking to support taxpayers.
At the request of concerned countries, the OECD Secretariat has issued guidance on these issues based on a careful analysis of the international tax treaty rules.
The work on BEPS Action 14 continues with today's publication of the stage 2 peer review monitoring reports of the seven jurisdictions in batch 2: Austria, France, Germany, Italy, Liechtenstein, Luxembourg and Sweden.
On 19 February 2020, interested parties were invited to provide comments on the draft Model Rules for Reporting for Platform Operators with respect to Sellers in the Sharing and Gig Economy. The OECD is grateful to the commentators for their input and now publishes the public comments received
Tax and fiscal policy responses are playing a critical role in limiting the hardship caused by containment measures, and should continue to do so as governments seek to support households and businesses, protect employment and pursue economic recovery from the global pandemic, according to new OECD analysis.
Recent decades have seen rapid growth of advanced digital technologies, including high-speed computing, big data, artificial intelligence, the internet-of-things and blockchain. This “digital revolution” creates significant opportunities for all levels of government to improve the delivery of public goods and services, and to raise more and better revenue.
Today, Indonesia deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) with the OECD’s Secretary-General, therewith underlining its strong commitment to prevent the abuse of tax treaties and BEPS by multinational enterprises. For Indonesia, the MLI enters into force on 1 August 2020.
As a result of COVID-19, public life has come to a sudden halt and consumer spending is plummeting. How will this crisis and the policy actions taken in response affect tax revenues? And what lessons can be learned from the previous global financial crisis?
With global economic activity facing a historic drop and government spending rising dramatically, the implications of the Covid-19 crisis on public finances and tax revenues are significant.
Tax revenues in Latin America and the Caribbean (LAC) increased to 23.1% of GDP on average in 2018, according to the new edition of Revenue Statistics in Latin America in the Caribbean published today. However, these gains are now under threat as a result of the region’s deteriorating fiscal outlook, which has been exacerbated by the Covid-19 pandemic.
Exports (Bop) - Motor Vehicle Engines And Motor Vehicle Parts in Canada decreased to 1346.60 CAD Million in March from 1897.40 CAD Million in February of 2020. Exports (Bop) - Motor Vehicle Engines And Motor Ve in Canada averaged 1566.72 CAD Million from 1988 until 2020, reaching an all time high of 2450.40 CAD Million in June of 2000 and a record low of 651.40 CAD Million in March of 1991. This page includes a chart with historical data for Canada Exports of (bop) - Motor Vehicle Engines And Moto.
Exports of (bop) - Copper Ores and Concentrates in Canada decreased to 289.50 CAD Million in March from 319.10 CAD Million in February of 2020. Exports of (bop) - Copper Ores and Concentrates in Canada averaged 135.80 CAD Million from 1988 until 2020, reaching an all time high of 481.70 CAD Million in November of 2015 and a record low of 5.60 CAD Million in October of 1999. This page includes a chart with historical data for Canada Exports of (bop) - Copper Ores And Concentrates.
Exports of (bop) - Crude Oil and Crude Bitumen in Canada decreased to 6305.10 CAD Million in March from 6551.20 CAD Million in February of 2020. Exports of (bop) - Crude Oil and Crude Bitumen in Canada averaged 2866.61 CAD Million from 1988 until 2020, reaching an all time high of 8640.80 CAD Million in May of 2014 and a record low of 277.10 CAD Million in November of 1988. This page includes a chart with historical data for Canada Exports of (bop) - Crude Oil And Crude Bitumen.
Exports of (bop) - Dyes and Pigments, Petrochemic in Canada decreased to 263.60 CAD Million in March from 266.30 CAD Million in February of 2020. Exports of (bop) - Dyes and Pigments, Petrochemic in Canada averaged 211.17 CAD Million from 1988 until 2020, reaching an all time high of 455.80 CAD Million in July of 2008 and a record low of 46 CAD Million in June of 1992. This page includes a chart with historical data for Canada Exports of (bop) - Dyes And Pigments, Petrochemic.
Exports of (bop) - Electrical Components in Canada increased to 484.70 CAD Million in March from 483 CAD Million in February of 2020. Exports of (bop) - Electrical Components in Canada averaged 314.42 CAD Million from 1988 until 2020, reaching an all time high of 720 CAD Million in February of 2014 and a record low of 68.10 CAD Million in January of 1988. This page includes a chart with historical data for Canada Exports of (bop) - Electrical Components.
Exports (Bop) - Electronic And Electrical Equipment And Parts in Canada decreased to 2272.70 CAD Million in March from 2368.50 CAD Million in February of 2020. Exports (Bop) - Electronic And Electrical Equipmen in Canada averaged 2092.25 CAD Million from 1988 until 2020, reaching an all time high of 4326.50 CAD Million in October of 2000 and a record low of 576.50 CAD Million in April of 1988. This page includes a chart with historical data for Canada Exports of (bop) - Electronic And Electrical Equi.
Exports of (bop) - Energy Products in Canada decreased to 8191.40 CAD Million in March from 8547.60 CAD Million in February of 2020. Exports of (bop) - Energy Products in Canada averaged 5138.49 CAD Million from 1988 until 2020, reaching an all time high of 12104 CAD Million in July of 2008 and a record low of 886 CAD Million in September of 1988. This page includes a chart with historical data for Canada Exports of (bop) - Energy Products.
Exports (Bop) - Fresh, Frozen&Canned Fruit, Frozen Fruit in Canada increased to 12.80 CAD Million in March from 11.40 CAD Million in February of 2020. Exports (Bop) - Fresh, Frozen&Canned Fruit, Frozen in Canada averaged 19.48 CAD Million from 1988 until 2020, reaching an all time high of 56.30 CAD Million in September of 2015 and a record low of 3.20 CAD Million in October of 1989. This page includes a chart with historical data for Canada Exports of (bop) - Fresh, Frozen&canned Fruit, Fr.
Exports (Bop) - Heating, Cooling And Air Purification Equipment in Canada increased to 229.60 CAD Million in March from 227.80 CAD Million in February of 2020. Exports (Bop) - Heating, Cooling And Air Purificat in Canada averaged 101.69 CAD Million from 1988 until 2020, reaching an all time high of 229.60 CAD Million in March of 2020 and a record low of 16.10 CAD Million in April of 1989. This page includes a chart with historical data for Canada Exports of (bop) - Heating, Cooling And Air Purif.
Exports (Bop) - Industrial Machinery, Equipment And Parts in Canada decreased to 3216.10 CAD Million in March from 3433.70 CAD Million in February of 2020. Exports (Bop) - Industrial Machinery, Equipment An in Canada averaged 1857.42 CAD Million from 1988 until 2020, reaching an all time high of 3544.10 CAD Million in August of 2019 and a record low of 469 CAD Million in January of 1988. This page includes a chart with historical data for Canada Exports of (bop) - Industrial Machinery, Equipmen.
Exports of (bop) - Iron Ores and Concentrates in Canada decreased to 468.90 CAD Million in March from 554.50 CAD Million in February of 2020. Exports of (bop) - Iron Ores and Concentrates in Canada averaged 190.82 CAD Million from 1988 until 2020, reaching an all time high of 709.40 CAD Million in August of 2019 and a record low of 37.20 CAD Million in September of 2004. This page includes a chart with historical data for Canada Exports of (bop) - Iron Ores And Concentrates.
Exports (Bop) - Logging, Mining&Construction Machinery&Equipment in Canada decreased to 161.90 CAD Million in March from 182.40 CAD Million in February of 2020. Exports (Bop) - Logging, Mining&Construction Machi in Canada averaged 110.67 CAD Million from 1988 until 2020, reaching an all time high of 200 CAD Million in June of 2018 and a record low of 26 CAD Million in January of 1992. This page includes a chart with historical data for Canada Exports of (bop) - Logging, Mining&construction M.
Exports of (bop) - Metal Ores and Concentrates in Canada decreased to 842.10 CAD Million in March from 1020.30 CAD Million in February of 2020. Exports of (bop) - Metal Ores and Concentrates in Canada averaged 470.49 CAD Million from 1988 until 2020, reaching an all time high of 1098.40 CAD Million in August of 2019 and a record low of 146.60 CAD Million in February of 1993. This page includes a chart with historical data for Canada Exports of (bop) - Metal Ores And Concentrates.
Exports (Bop) - Communications And Audio And Video Equipment in Canada decreased to 347.50 CAD Million in March from 371.20 CAD Million in February of 2020. Exports (Bop) - Communications And Audio And Video in Canada averaged 543.67 CAD Million from 1988 until 2020, reaching an all time high of 1812.70 CAD Million in May of 2000 and a record low of 110.20 CAD Million in April of 1988. This page includes a chart with historical data for Canada Exports of (bop) - Communications And Audio And V.
Exports (Bop) - Computers And Computer Peripheral Equipment in Canada decreased to 206.70 CAD Million in March from 208.90 CAD Million in February of 2020. Exports (Bop) - Computers And Computer Peripheral in Canada averaged 180.39 CAD Million from 1988 until 2020, reaching an all time high of 307.30 CAD Million in July of 2019 and a record low of 76.50 CAD Million in August of 1989. This page includes a chart with historical data for Canada Exports of (bop) - Computers And Computer Periphe.
Exports (Bop) - Agricultural, Lawn&Garden Machinery&Equipment in Canada increased to 123.10 CAD Million in March from 115.60 CAD Million in February of 2020. Exports (Bop) - Agricultural, Lawn&Garden Machiner in Canada averaged 90.02 CAD Million from 1988 until 2020, reaching an all time high of 173.60 CAD Million in November of 1997 and a record low of 42.20 CAD Million in October of 1991. This page includes a chart with historical data for Canada Exports of (bop) - Agricultural, Lawn&garden Mach.
Exports (Bop) - Aircraft, Aircraft Engines And Aircraft Parts in Canada decreased to 1842.40 CAD Million in March from 2391.90 CAD Million in February of 2020. Exports (Bop) - Aircraft, Aircraft Engines And Air in Canada averaged 1078.85 CAD Million from 1988 until 2020, reaching an all time high of 2391.90 CAD Million in February of 2020 and a record low of 172.30 CAD Million in July of 1988. This page includes a chart with historical data for Canada Exports of (bop) - Aircraft, Aircraft Engines And.
Exports (Bop) - Aircraft Engines And Aircraft Parts in Canada decreased to 1139.30 CAD Million in March from 1171.90 CAD Million in February of 2020. Exports (Bop) - Aircraft Engines And Aircraft Part in Canada averaged 563.76 CAD Million from 1988 until 2020, reaching an all time high of 1327.20 CAD Million in March of 2019 and a record low of 169.90 CAD Million in May of 1988. This page includes a chart with historical data for Canada Exports of (bop) - Aircraft Engines And Aircraft.
Imports (Bop) - Tires, Motor Vehicle Engines&Motor Vehicle Parts in Canada decreased to 3083.40 CAD Million in March from 3915.10 CAD Million in February of 2020. Imports (Bop) - Tires, Motor Vehicle Engines&Motor in Canada averaged 3016.18 CAD Million from 1988 until 2020, reaching an all time high of 4745.60 CAD Million in May of 2017 and a record low of 1125.60 CAD Million in January of 1990. This page includes a chart with historical data for Canada Imports of (bop) - Tires, Motor Vehicle Engines&m.
Imports of (bop) - Refined Petroleum Energy Produ in Canada increased to 958.80 CAD Million in March from 910.80 CAD Million in February of 2020. Imports of (bop) - Refined Petroleum Energy Produ in Canada averaged 429.30 CAD Million from 1988 until 2020, reaching an all time high of 1651.50 CAD Million in May of 2018 and a record low of 32.80 CAD Million in February of 1992. This page includes a chart with historical data for Canada Imports of (bop) - Refined Petroleum Energy Produ.
Imports of (bop) - Radioactive Ores and Concentra in Canada remained unchanged at 0 CAD Million in March from 0 CAD Million in February of 2020. Imports of (bop) - Radioactive Ores and Concentra in Canada averaged 23.96 CAD Million from 1988 until 2020, reaching an all time high of 230.20 CAD Million in August of 2011 and a record low of 0 CAD Million in February of 1988. This page includes a chart with historical data for Canada Imports of (bop) - Radioactive Ores And Concentra.
Imports (Bop) - Prefabricated Buildings And Components in Canada decreased to 31.90 CAD Million in March from 39.80 CAD Million in February of 2020. Imports (Bop) - Prefabricated Buildings And Compon in Canada averaged 19.74 CAD Million from 1988 until 2020, reaching an all time high of 134.80 CAD Million in June of 1995 and a record low of 2.20 CAD Million in January of 1988. This page includes a chart with historical data for Canada Imports of (bop) - Prefabricated Buildings And Co.
Imports of (bop) - Passenger Cars and Light Trucks in Canada decreased to 4026.70 CAD Million in March from 4243.10 CAD Million in February of 2020. Imports of (bop) - Passenger Cars and Light Trucks in Canada averaged 2401.69 CAD Million from 1988 until 2020, reaching an all time high of 4856.10 CAD Million in March of 2018 and a record low of 819.50 CAD Million in November of 1990. This page includes a chart with historical data for Canada Imports of (bop) - Passenger Cars And Light Trucks.
Imports of (bop) - Nickel Ores and Concentrates in Canada increased to 68.50 CAD Million in March from 41.10 CAD Million in February of 2020. Imports of (bop) - Nickel Ores and Concentrates in Canada averaged 40.39 CAD Million from 1988 until 2020, reaching an all time high of 223.20 CAD Million in April of 2007 and a record low of 0 CAD Million in September of 1988. This page includes a chart with historical data for Canada Imports of (bop) - Nickel Ores And Concentrates.
Imports (Bop) - Motor Vehicle Engines And Motor Vehicle Parts in Canada decreased to 2750.50 CAD Million in March from 3589 CAD Million in February of 2020. Imports (Bop) - Motor Vehicle Engines And Motor Ve in Canada averaged 2812.70 CAD Million from 1988 until 2020, reaching an all time high of 4395.60 CAD Million in May of 2017 and a record low of 1053 CAD Million in January of 1990. This page includes a chart with historical data for Canada Imports of (bop) - Motor Vehicle Engines And Moto.
Imports of (bop) - Metal Ores and Concentrates in Canada decreased to 949.20 CAD Million in March from 960.90 CAD Million in February of 2020. Imports of (bop) - Metal Ores and Concentrates in Canada averaged 482.99 CAD Million from 1988 until 2020, reaching an all time high of 1297.30 CAD Million in December of 2018 and a record low of 81.80 CAD Million in September of 1988. This page includes a chart with historical data for Canada Imports of (bop) - Metal Ores And Concentrates.