OECD publishes comments received on draft changes to the transfer pricing guidelines
On 10 February 2015 the OECD published comments received in respect of the discussion draft on changes to the OECD guidelines and other special measures that could be taken in respect of transfer pricing issues raised by actions 8, 9 and 10 of the
See MoreOECD to present BEPS action plan developments to the G20 Finance Ministers
The OECD is to give a presentation on the project on base erosion and profit shifting (BEPS) to the G20 Finance Ministers when they meet on 9 and 10 February 2015. The OECD has agreed with the G20 countries on three important elements that will move
See MoreEuropean Union: Anti abuse clause added to parent subsidiary directive
On 27 January 2015 the Council of the European Union (EU) amended the parent subsidiary directive to add a binding anti-abuse clause. This is designed to prevent tax avoidance and aggressive tax planning, and to ensure more consistency in the
See MoreOECD Holds Public Discussion on Dispute Resolution Mechanisms
On 23 January 2015 the OECD held a public discussion on action 14 of the base erosion and profit shifting (BEPS) action plan on how to make dispute resolution mechanisms more effective. The Chair of the Focus Group on Dispute Resolution presented to
See MoreOECD Holds Public Meeting on the Prevention of Treaty Abuse
On 22 January 2015 the OECD held a public consultation meeting to discuss the base erosion and profit shifting (BEPS) action 6 on the prevention of tax treaty abuse. The issue as presented in the OECD’s discussion draft on this issue and the
See MoreOECD : Discussion Draft on Prevention of Treaty Benefits
On 21 November 2014 the OECD released a discussion draft in respect of follow-up work on Action 6 of the action plan on base erosion and profit shifting (BEPS) in respect of preventing the granting of tax treaty benefits in certain circumstances.
See MoreOECD: Discussion Draft on Low Value-Adding Services
The OECD issued a discussion draft on 3 November 2014 in connection with Action 10 of the BEPS project. This relates to modifications to the OECD Transfer Pricing Guidelines in respect of low value adding intra-group services. The discussion draft
See MoreOECD Strategy for Developing Country Involvement in BEPS
The OECD/G20 project on base erosion and profit shifting is important not just to developed countries but to the developing countries which rely on corporate income tax collected from large companies, including multinationals, to fund their
See MoreOECD: 9th Meeting of Forum on Tax Administration took place in Dublin
The 9th Meeting of the Forum on Tax Administration (FTA) took place in Dublin on 23-24 October 2014 in Dublin, Ireland. Nearly forty delegations, including international and regional tax organizations, participated in the Ninth Meeting of the OECD
See MoreOECD: released its first recommendations under BEPS project
The OECD released its first recommendations on 16 September 2014, for a coordinated international approach to combat tax avoidance by multinational enterprises under Action Plan on Base Erosion and Profit Shifting. The recommendations provide the
See MoreOECD: releases public request for input on BEPS Action 11
The OECD released a public request for input on the base erosion and profit shifting (BEPS) action plan Action 11 on 4th August 2014. Action 11 aims to establish methodologies to collect and analyse data on BEPS.: Action 11 aims to develop
See MoreOECD: BEPS project update with developments of Asian countries
In order to stop tax avoidance and evasion Asian countries are actively taking part with the Organization for Economic Cooperation and Development (OECD)’s plan. The OECD’s Action Plan is far reaching and will help support local Asian
See MoreUS: BEPS to Compound Global Tax Risks
Enterprises are expecting that tax risks are likely to increase more in the coming years, according to a survey of tax and finance executives in twenty five countries by the advisory firm Ernst and Young. The survey looked at the views of companies
See MoreJapan Takes Action on Some BEPS Items
Japan’s Cabinet Office Tax Commission has given its attention to four base erosion and profit sharing (BEPS) items, including the controversial Action 13 which relates to transfer pricing documentation. The other items under consideration by Japan
See MoreOECD – Public consultation on transfer pricing documentation, country-by-country reporting
The Organization for Economic Co-operation and Development (OECD) has announced that a public consultation will take place 19 May 2014, for further consideration of transfer pricing documentation and country-by-country reporting. This follows the
See MoreJapan – Possible BEPS-related implications under foreign dividend exclusion rule
In Japan the Cabinet Office has published a discussion paper setting out current tax issues for consultation. This paper concerns the developments in respect of base erosion and profit shifting (BEPS) and the implications of the issues for the
See MoreOECD releases discussion drafts on hybrid mismatch arrangements
On 19 March 2014, the Organization for Economic Cooperation and Development (OECD) published for consultation two Public Discussion Drafts in relation to Action 2 on hybrid mismatch arrangements under the Action Plan on Base Erosion and Profit
See MoreOECD releases discussion draft on tax challenges of the digital economy
On 24 March 2014, the Organization for Economic Cooperation and Development (OECD) published a discussion draft relating to addressing the tax challenges of the digital economy. This is Action 1 of the Action Plan on Base Erosion and Profit Shifting
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