OECD: Peer Review Report on the Automatic Exchange of Financial Account Information
On 9 November 2022 the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes published a peer review report on the automatic exchange of financial account information. The Global Forum monitors and reviews the
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Israel: Peer Review on Transparency and Exchange of Information
The second stage, phase one peer review report on Israel’s implementation of standards on the exchange of information on request was published by the OECD on 9 November 2022. The first review noted that although a regulatory framework was in
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OECD: Pricing Greenhouse Gas Emissions
On 3 November 2022 the OECD released Pricing Greenhouse Gas Emissions: Turning Climate Targets into Climate Action looking at the development of explicit carbon prices, energy taxes, and subsidies that lower pre-tax energy prices, in the years 2018
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UN: Taxation of the Extractive Industries
At the meeting of the UN Committee of Experts on International Cooperation in Tax Matters from 18 to 21 October 2022 the committee heard a report on the work of the extractives subcommittee. Energy transition The extractives subcommittee is
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UN: Tax Committee Discusses Transfer Pricing
The UN Tax Committee at its meetings from 18 to 21 October 2022 discussed the progress made on transfer pricing issues. The transfer pricing Subcommittee has been drafting guidance in the area of primary products and pharmaceuticals; domestic
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OECD: Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors
The OECD Secretary-General’s Tax Report to the G20 Finance Ministers and Central Bank Governors released in October 2022 outlined recent developments in international taxation. Two-pillar approach Ahead of its Plenary meeting on 6-7 October
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OECD: Updates to the Guidance on Country by Country Reporting
In October 2022 the OECD published some updates to the Guidance on the Implementation of Country-by-Country Reporting under Action 13 of the action plan on base erosion and profit shifting (BEPS). Additional sections of guidance were added in
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UN: Increasing Tax Transparency
At the meeting of the UN Committee of Experts on International Cooperation in Tax Matters from 18 to 21 October 2022 the Subcommittee on increasing tax transparency reported on its work program. The Subcommittee was formed to consider ways to
See MoreUN: Guidance on Digitalisation of Tax Administration
At the meeting of the UN Committee of Experts on International Cooperation in Tax Matters from 18 to 21 October 2022 the committee heard a report on progress by the group on digitalisation and other opportunities to improve tax
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UN: Relationship of Tax, Trade and Investment Agreements
The UN Tax Committee at its meetings from 18 to 21 October 2022 discussed an update of the work on the interaction of tax, trade and investment agreements. The Subcommittee on the Relationship of Tax, Trade and Investment Agreements is mandated
See MoreUN: Handbook on Health Taxes to be Drafted
At the meeting of the UN Committee of Experts on International Cooperation in Tax Matters from 18 to 21 October 2022 the health tax subcommittee gave further details of its developing work. The subcommittee is focusing on producing a Handbook on
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UN: Update of the Manual on Negotiation of Tax Treaties
The UN Tax Committee at its meetings from 18 to 21 October 2022 discussed the update of the Manual for the Negotiation of Bilateral Tax Treaties between Developed and Developing Countries. The Manual is being updated to incorporate the recent
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OECD: Consultation on Administration and Certainty Aspects of Amount A of Pillar One
On 6 October 2022 the OECD published for public consultation a document with the title Progress Report on the Administration and Tax Certainty Aspects of Pillar One. Comments are invited from interested parties by 11 November 2022. Administration
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OECD: Inclusive Framework Progress Report
On 4 October 2022 the OECD released a document with the title OECD/G20 Inclusive Framework on BEPS: Progress Report September 2021-September 2022. The progress report summarises developments in the work of the Inclusive Framework on base erosion and
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OECD: Plenary Meeting of the Inclusive Framework on BEPS
On 6 October 2022 the 14th plenary meeting of the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS) was attended by delegates from more than 135 countries and jurisdictions. The meeting heard that substantial progress has been
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OECD: Digital Services to Support SMEs
During the plenary meeting of the OECD’s Forum on Tax Administration (FTA) held from 28 to 30 September 2022, a report was released with the title: Digital Services: Supporting SMEs to Get Tax Right. The report is one of a series that are planned,
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UK: Growth Plan to address high energy costs and inflation
On 23 September 2022 the UK government announced a series of measures aiming to boost economic growth. Corporation tax The planned rise in corporation tax is cancelled, so the rate of corporation tax will remain at 19%. The Annual
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OECD: Bilateral Advance Pricing Agreement Manual
The Bilateral Advance Pricing Agreement (BAPA) Manual issued by the Forum on Tax Administration (FTA) on 28 September 2022 was formulated after considering answers to surveys of jurisdictions, competent authorities and the advisory group Business at
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