OECD: Platform for Collaboration on Tax Finalises Toolkit on Offshore Indirect Transfers
On 4 June 2020 the Platform for Collaboration on Tax issued a final version of the Toolkit on the Taxation of Offshore Indirect Transfers. The Toolkit provides guidance in relation to designing measures to enable a country to tax gains arising
See MoreOECD: Revenue Statistics in Latin America and the Caribbean 2020
Revenue Statistics in Latin America and the Caribbean 2020 was published om 7 May 2020 and covers 26 countries in the region. The publication is prepared jointly by the OECD’s Centre for Policy and Tax Administration, the OECD Development Centre,
See MoreUN: Committee of Experts to Hold Virtual Meetings
The United Nations Committee of Experts on International Cooperation in Tax Matters is to hold its twentieth session in the form of a virtual meeting in June and July 2020, including informal virtual meetings taking place between 22 and 26 June.
See MoreOECD: Taxing Wages 2020
On 30 April 2020 the OECD issued the annual publication Taxing Wages 2020. This publication sets out details of taxes paid on wages in the OECD countries, covering personal income taxes and social security contributions paid by employees; social
See MoreOECD: Tax Talk Summarises Ongoing Tax Projects
A Tax Talk held by the OECD on 4 May 2020 summarised the position on the current tax work in connection with the Covid-19 crisis and on the base erosion and profit shifting (BEPS) project. Tax measures in the Covid-19 crisis The Forum on Tax
See MorePlatform for Collaboration on Tax Launches Website
A new website has been launched by the Platform for Collaboration on Tax (PCT). The PCT is a joint initiative of the International Monetary Fund (IMF), the Organisation for Economic Co-operation and Development (OECD), the United Nations (UN), and
See MoreIMF: Fiscal Monitor discusses policies to support individuals and businesses
The April 2020 issue of the IMF’s Fiscal Monitor discusses policies to support individuals and businesses through the coronavirus crisis and the resulting economic problems. The Fiscal Monitor looks at certain temporary and targeted fiscal
See MoreOECD: Seven peer review reports on BEPS Action 14 published
On 9 April 2020 the OECD published a further batch of reports in relation to stage 2 of the peer reviews of the implementation of Action 14 of the action plan on base erosion and profit shifting (BEPS). The minimum standard under BEPS action 14
See MoreOECD releases second peer review report on prevention of treaty abuse
On 24 March 2020 the OECD published the second peer review report on the implementation by countries of the minimum standard under Action 6 of the action plan on base erosion and profit shifting (BEPS). This is the second peer review report under
See MoreOECD: Tax issues for cross border workers during the COVID-19 crisis
On 7 April 2020 the OECD published on its website guidance on tax issues relating to cross-border workers during the crisis. As a result of travel restrictions and quarantine requirements many cross-border workers cannot go to the country where
See MoreOECD: Forum on Tax Administration publishes advice on business continuity considerations for tax administrations
On 7 April 2020 the OECD Forum on Tax Administration (FTA) published a document containing advice on business continuity considerations to be taken into account by tax administrations as they deal with the tax consequences of the COVID-19
See MoreOECD: Global Forum issues peer review reports on transparency and information exchange
On 6 April 2020 the OECD’s Global Forum on Transparency and Exchange of Information released eight new peer review reports containing assessments of how far the jurisdictions have complied with the international standard on transparency and
See MoreOECD: Overview of tax measures to combat the coronavirus pandemic
On 1 April 2020 the OECD published on its website detailed information on measures taken by countries to help businesses and individuals during the coronavirus crisis. Measures to help business case flow These include tax administration
See MoreUK: Further measures to help individuals and businesses
On 20 March 2020 the UK government announced a further package of measures in response to the health crisis. These are in addition to the measures already announced on 17 March. Coronavirus Job Retention Scheme Employers will be able to apply
See MoreUK: Finance Bill 2020 Published
On 19 March 2020 the UK introduced the Finance Bill 2020 into parliament. In addition to implementing the changes to rates and allowances included in the budget announcements the Bill introduces the digital services tax. The measures in the Finance
See MoreUK: Additional Measures to Support Business
On 17 March 2020 the UK government announced further measures to support businesses hit by the health crisis. In announcing a package worth GBP 20 billion the Chancellor also confirmed that, as a result of government advice to people to avoid
See MoreECJ: Ruling on Outbound Dividends and Free Movement of Capital
On 9 March 2020 a ruling by the European Court of Justice (ECJ) in a case on free movement of capital was published. The case State of Canada v Autoridade Tributaria e Aduaneira related to dividends paid to the Canada Pension Plan Investment Board
See MoreECJ rules on freedom of establishment and use of tax losses
On 27 February 2020, the European Court of Justice (ECJ) issued a decision in the case of Aures Holdings a.s. In 2007 the place of effective management of Aures was the Netherlands, and it was therefore treated at that time as Dutch tax
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