new OECD releases new tax policy working papers By www.oecd.org Published On :: Mon, 09 Sep 2013 11:13:00 GMT "Tax Policy Landscape Five Years after the Crisis" discusses how tax policies have responded to fiscal and macroeconomic developments over the past five years and these longer-term structural economic developments on. "Tax Reform in the People's Republic of China" compares the tax system in China with the tax system in OECD countries and the tax reforms China and OECD countries have implemented in the past. Full Article
new The Fight Against Tax Fraud and Tax Evasion: Towards a New Global Standard on Automatic Exchange of Tax Information By www.oecd.org Published On :: Sat, 14 Sep 2013 10:19:00 GMT Vast amounts of money are kept off-shore and go untaxed. The more we do to combat tax fraud and evasion, the more resources we will have to finance growth-enhancing public investment, restore the health of public finances, and put the euro area economy back on a sustained and long-term recovery, said OECD Secretary-General. Full Article
new OECD publishes comments received on the new Draft Handbook on Transfer Pricing Risk Assessment By www.oecd.org Published On :: Mon, 23 Sep 2013 13:00:00 GMT On 30 April 2013, the OECD invited comments from interested parties on the new Draft Handbook on Transfer Pricing Risk Assessment, produced by the Steering Committee of the OECD Global Forum on Transfer Pricing. The OECD now publishes the comments received. Full Article
new Latin America: Tax revenues continue to rise, but are low and varied among countries, according to new OECD-ECLAC-CIAT report By www.oecd.org Published On :: Mon, 20 Jan 2014 09:44:00 GMT Tax revenues in Latin American countries continue to rise but are lower as a proportion of their national incomes than in most OECD countries. Revenue Statistics in Latin America 2012 shows that Argentina and Brazil have the highest tax revenue to GDP ratio, while Guatemala and Dominican Republic stand at the lower end. Full Article
new OECD delivers new single global standard on automatic exchange of information By www.oecd.org Published On :: Thu, 13 Feb 2014 16:29:00 GMT Offshore tax evasion remains a serious problem for countries and jurisdictions worldwide, with vast amounts of funds deposited abroad and sheltered from taxation when taxpayers fail to comply with obligations in their home countries. Full Article
new Governments endorse new OECD Guidelines on applying VAT across borders By www.oecd.org Published On :: Fri, 18 Apr 2014 16:37:00 GMT The governments of 86 countries have taken a key step towards preventing value added tax from weighing on trade while also safeguarding state revenues by endorsing the first internationally agreed framework for applying national VAT rules to cross-border transactions. Full Article
new Global Forum releases new compliance ratings on tax transparency for 10 jurisdictions By www.oecd.org Published On :: Mon, 04 Aug 2014 10:22:00 GMT The Global Forum on Transparency and Exchange of Information for Tax Purposes published today 13 new peer review reports demonstrating progress toward implementation of the international standard for exchange of information on request. The Global Forum also issued compliance ratings for 10 jurisdictions. Full Article
new Major new steps to boost international cooperation against tax evasion: Governments commit to implement automatic exchange of information beginning 2017 By www.oecd.org Published On :: Wed, 29 Oct 2014 10:12:00 GMT The new OECD/G20 standard on automatic exchange of information was endorsed today by all OECD and G20 countries as well as major financial centres participating in the annual meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes in Berlin. A status report on committed and not committed jurisdictions will be presented to G20 leaders during their annual summit in Brisbane, Australia on November 15-16. Full Article
new Angel Gurría congratulates new Indonesian President for cutting fuel subsidies By www.oecd.org Published On :: Wed, 19 Nov 2014 12:00:00 GMT Angel Gurría, Secretary-General of the OECD congratulated the newly elected President of Indonesia, Joko Widodo, for taking a bold first step in his economic reform agenda by substantially cutting fuel subsidies. Full Article
new Release of discussion drafts of two new elements of the OECD International VAT/GST Guidelines By www.oecd.org Published On :: Thu, 18 Dec 2014 12:00:00 GMT The OECD’s Committee on Fiscal Affairs invites public comments on two new draft elements of the OECD International VAT/GST Guidelines (the Guidelines). These discussion drafts relate to (i) the place of taxation of business-to-consumer supplies of services and intangibles (B2C Guidelines) and (ii) provisions to support the application of the Guidelines in practice (Supporting provisions). Full Article
new Public comments received on discussion drafts of two new elements of the OECD International VAT/GST Guidelines By www.oecd.org Published On :: Tue, 24 Feb 2015 11:00:00 GMT On 18 December 2014, the OECD invited comments from interested parties on discussion drafts of two new elements of the OECD International VAT/GST Guidelines. These discussion drafts related to (i) the place of taxation of business-to-consumer supplies of services and intangibles (B2C Guidelines) and (ii) provisions to support the application of the Guidelines in practice (Supporting provisions) Full Article
new Release of a new discussion draft on BEPS Action 7 (Prevent the Artificial Avoidance of PE Status) By www.oecd.org Published On :: Fri, 15 May 2015 10:00:00 GMT Public comments are invited on a new discussion draft which includes proposals resulting from the work on Action 7 (Prevent the Artificial Avoidance of PE Status) of the Action Plan on Base Erosion and Profit Shifting (BEPS). Full Article
new The Global Forum released new compliance ratings on tax transparency By www.oecd.org Published On :: Wed, 27 May 2015 12:00:00 GMT The Global Forum on Transparency and Exchange of Information for Tax Purposes published today new peer review reports for the Czech Republic, Kazakhstan and Morocco. Full Article
new Strengthening the international community’s fight against offshore tax evasion: Australia, Canada, Chile, Costa Rica, India, Indonesia and New Zealand join multilateral agreement to automatically exchange information By www.oecd.org Published On :: Thu, 04 Jun 2015 20:59:00 GMT In a boost for international efforts to strengthen co-operation against offshore tax evasion, seven new countries have joined the agreement to exchange information automatically under the OECD/G20 standard. Full Article
new The Global Forum releases new compliance ratings on tax transparency By www.oecd.org Published On :: Mon, 03 Aug 2015 10:00:00 GMT The Global Forum on Transparency and Exchange of Information for Tax Purposes published new peer review reports today for 12 countries or jurisdictions, moving further ahead with its goal to implement global standards on transparency and exchange of information for tax purposes. Full Article
new New report compares performance, best practices and trends in 56 tax administrations By www.oecd.org Published On :: Tue, 11 Aug 2015 11:00:00 GMT Tax administrations continue to face the challenges of improving their performance while reducing costs, decreasing compliance burdens for taxpayers tackling non-compliance. Improving taxpayer services, while making non-compliance harder, is helping revenue bodies increase their efficiency and allowing governments to finance important programmes that will further benefit their citizens. Full Article
new New regional network meeting on BEPS held in Costa Rica By www.oecd.org Published On :: Mon, 23 Nov 2015 15:00:00 GMT On 17-18 November 2015, a new regional meeting as well as a governmental workshop on BEPS was held for the Latin America and the Caribbean region to discuss the outcomes of the BEPS Project, and the ways that the countries can explore to be involved on an equal footing in the implementation and the monitoring phase of the measures adopted. Full Article
new New Global Forum peer reviews highlight ever-increasing compliance with tax transparency standards By www.oecd.org Published On :: Mon, 14 Mar 2016 14:00:00 GMT The world’s leading forum on tax transparency published 10 new peer review reports today, pointing to ever-increasing compliance with the internationally-recognised standards to curb tax evasion through the exchange of information. Full Article
new A new boost to transparency in international tax matters: 6 new countries sign agreement enabling automatic sharing of country-by-country reporting By www.oecd.org Published On :: Thu, 12 May 2016 12:00:00 GMT As part of continuing efforts to boost transparency by multinational enterprises (MNEs), Canada, Iceland, India, Israel, New Zealand and the People’s Republic of China signed today the Multilateral Competent Authority agreement for the automatic exchange of Country-by-Country reports (“CbC MCAA”), bringing the total number of signatories to 39 countries. The signing ceremony took place in Beijing, China. Full Article
new OECD appoints new Head of the Tax Treaty, Transfer Pricing & Financial Transactions Division in the Centre for Tax Policy and Administration By www.oecd.org Published On :: Thu, 02 Jun 2016 17:00:00 GMT Mr Jefferson VanderWolk has been appointed Head of the Tax Treaty, Transfer Pricing & Financial Transactions Division in the Centre for Tax Policy and Administration. He will take up his duties in early July 2016. Full Article
new New steps to strengthen transparency in international tax matters: OECD releases guidance on the implementation of country-by-country reporting By www.oecd.org Published On :: Wed, 29 Jun 2016 15:00:00 GMT Today the OECD has taken a new step in its continuing efforts to boost transparency in international tax matters with the release of guidance on the implementation of country-by-country (CbC) reporting. Full Article
new First meeting of the new inclusive framework to tackle Base Erosion and Profit Shifting marks a new era in international tax co-operation By www.oecd.org Published On :: Thu, 30 Jun 2016 12:00:00 GMT Representatives of more than 80 countries and jurisdictions have gathered in Kyoto, Japan to push forward ongoing efforts to update international tax rules for the 21st century, the latest step in the OECD/G20 Project to tackle Base Erosion and Profit Shifting (BEPS). Full Article
new 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
new Tax revenues reach new high as the tax mix shifts further towards labour and consumption taxes By www.oecd.org Published On :: Wed, 30 Nov 2016 11:00:00 GMT Tax revenues collected in advanced economies have continued to increase from last year’s all-time high, with taxes on labour and consumption representing an increasing share of total tax revenues, according to new OECD research. Full Article
new 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
new New head appointed for OECD transfer pricing unit By www.oecd.org Published On :: Thu, 22 Jun 2017 17:00:00 GMT Mr. Tomas Balco has been appointed Head of the Transfer Pricing Unit in the Centre for Tax Policy and Administration. He will take up his duties on 4 September 2017. Full Article
new New head appointed for OECD tax treaty unit By www.oecd.org Published On :: Tue, 04 Jul 2017 11:00:00 GMT Sophie Chatel has been appointed Head of the Tax Treaty Unit in the Centre for Tax Policy and Administration. She will take up her duties on 6 September 2017. Full Article
new 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
new Revenue mobilisation in Africa continues to improve, says new report By www.oecd.org Published On :: Thu, 12 Oct 2017 13:00:00 GMT The mobilisation of domestic resources is improving steadily in African countries, according to new data from Revenue Statistics in Africa 2017 released today in Addis Ababa at a meeting of tax and finance officials from 21 African countries hosted by the Department of Economic Affairs of the African Union Commission (AUC). Full Article
new 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
new 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
new 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
new 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
new 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
new Fiscal Federalism Network - News & Events By www.oecd.org Published On :: Wed, 04 Apr 2018 09:20:00 GMT The OECD Network on Fiscal Relations across Levels of Government provides analysis and statistical underpinnings on the relationship between central and subcentral government, and its impact on efficiency, equity and macroeconomic stability. Full Article
new Global network for the automatic exchange of offshore account information continues to grow; OECD releases new edition of the CRS Implementation Handbook By www.oecd.org Published On :: Thu, 05 Apr 2018 11:00:00 GMT Today, the OECD published a new set of bilateral exchange relationships established under the Common Reporting Standard Multilateral Competent Authority Agreement (CRS MCAA) which for the first time includes activations by Panama. The OECD also released the second edition of the Common Reporting Standard Implementation Handbook. Full Article
new 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
new 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
new OECD launches programme in Abidjan to support Côte d'Ivoire in implementing new international tax standards By www.oecd.org Published On :: Thu, 05 Jul 2018 15:00:00 GMT On 4 July 2018, in Abidjan, an OECD delegation met with the State Secretariat to the Prime Minister in charge of Budget and State Portfolio to discuss the progress made in the implementation of new international standards to combat tax fraud and tax evasion. Full Article
new Global Forum publishes tax transparency compliance ratings for seven jurisdictions and welcomes three new members By www.oecd.org Published On :: Mon, 16 Jul 2018 15:39:00 GMT The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum), published today seven peer review reports assessing compliance with the international standard on tax transparency and exchange of information on request (EOIR). Full Article
new OECD launches programme in Islamabad to support Pakistan in implementing new international tax standards By www.oecd.org Published On :: Fri, 20 Jul 2018 10:00:00 GMT As part of a mission held from 16 to 19 July 2018 in Islamabad, Pakistan aimed at launching the induction programme to support the implemention of the BEPS measures and initiating the TIWB programme, an OECD delegation met in Islamabad to discuss the progress of the country in implementing the new international standards to combat tax avoidance and tax evasion. Full Article
new OECD releases seven new transfer pricing country profiles and an update of a previously-released profile By www.oecd.org Published On :: Fri, 07 Sep 2018 15:56:00 GMT The OECD has published new transfer pricing country profiles for Costa Rica, Greece, Republic of Korea, Panama, Seychelles, South Africa and Turkey. In addition, it has also updated the information contained in Singapore’s profile. The country profiles are now available for 52 countries. Full Article
new OECD and Norway agree new partnership to help developing countries address taxation challenges By www.oecd.org Published On :: Mon, 10 Sep 2018 11:00:00 GMT The Organisation for Economic Co-operation and Development (OECD) and Norway agreed today to gear up efforts to help developing countries address their domestic resource mobilisation challenges in order to finance the Sustainable Development Goals. Full Article
new Papua New Guinea and OECD agree new 'Tax Inspectors Without Borders' partnership By www.oecd.org Published On :: Thu, 18 Oct 2018 12:00:00 GMT The OECD and Papua New Guinea's Internal Revenue Commission agreed today to gear up efforts to tackle tax base erosion and profit shifting by multinational enterprises in Papua New Guinea, through participation in the OECD/UNDP Tax Inspectors Without Borders initiative. Full Article
new Cameroon and Morocco launch new South-South co-operation programme under the Tax Inspectors Without Borders initiative By www.oecd.org Published On :: Wed, 06 Mar 2019 13:00:00 GMT On 5 March, Morocco and Cameroon launched a new TIWB South-South bilateral programme in Yaoundé. The programme, a first between two Francophone African countries, will see Moroccan tax audit experts providing support to Cameroon. Full Article
new OECD and United Arab Emirates renew partnership to strengthen tax co-operation By www.oecd.org Published On :: Mon, 11 Mar 2019 12:00:00 GMT Today, the OECD and the United Arab Emirates signed a renewal of the Memorandum of Understanding agreeing to extend their collaboration in providing regional seminars on international taxation For a further three year, to 2021. Full Article
new New Beneficial Ownership Toolkit will help tax administrations tackle tax evasion more effectively By www.oecd.org Published On :: Wed, 20 Mar 2019 17:22:00 GMT This report “A Beneficial Ownership Implementation Toolkit” – contains policy considerations that Global Forum member jurisdictions can use in implementing the legal and supervisory frameworks to identify and collect beneficial ownership information, which is now a requirement of the international tax transparency standards. Full Article
new Global tax community welcomes new measures to enlist online marketplaces in the collection of VAT/GST in e-commerce By www.oecd.org Published On :: Fri, 22 Mar 2019 18:00:00 GMT Meeting in Melbourne, Australia on 20-22 March 2019, around 300 participants attending the Global Forum on VAT, welcomed measures proposed in a new report by the OECD on The Role of Digital Platforms in the Collection of VAT/GST on Online Sales. The report includes new measures to make e-commerce marketplaces liable for the VAT/GST on sales made by online traders through their platforms. Full Article
new OECD joins with Japan to fight financial crime by establishing new academy By www.oecd.org Published On :: Sat, 08 Jun 2019 05:00:00 GMT OECD Secretary-General Angel Gurría and Japan’s Minister of Finance Taro Aso presided today over a signing ceremony to establish a new centre of the OECD International Academy for Tax Crime Investigation in Wako, Japan. Full Article
new OECD launches new handbook to strengthen tax administrations' capacity to support the fight against money laundering and terrorist financing By www.oecd.org Published On :: Thu, 13 Jun 2019 15:00:00 GMT The OECD is encouraging tax administrations around the globe to step up their efforts to support the fight against money laundering and terrorist financing with the launch of a handbook intended to raise the awareness of tax examiners, auditors, and investigators of the important role they can play in combatting these crimes. Full Article