China: OECD publishes working paper on China’s tax policy
An OECD working paper titled “Tax policy and tax reform in the People’s Republic of China” was published on 9 September 2013. The paper makes a comparison between OECD tax policies and those in China and looks at the ratio of tax to GDP and
See MoreKenya: The Revenue Authority adduces “force of attraction” rule
Kenya’s tax treaties generally follow the provisions of the OECD Model Tax Convention. However despite the expectation under the OECD Model that only profits acquire or accumulate from Kenya and attributable to the permanent establishment should
See MoreOECD: Mutual agreement procedure statistics
Each year the OECD makes available statistics on the mutual agreement procedure (MAP) cases in member countries and in some other partner economies that make these statistics available. The statistics for the 2012 reporting periods have now been
See MoreOECD issues a report on managing service demand
The OECD’s Forum on Tax Administration has published a report on Managing Service Demand. This document sets out guidance for tax administrations on providing services for taxpayers, looking at how limited resources may be directed to service
See MoreOECD issues report on cooperative tax compliance
The OECD’s Form on Tax Administration has issued a report called “Cooperative Compliance: A Framework” setting out the progress made by various countries in implementing a cooperative approach to tax compliance and setting out the next steps
See MoreOECD releases action plan on base erosion and profit shifting
Further to the previous work by the OECD in respect of base erosion and profit shifting and the consideration of this work by the G8 group of countries, the OECD has now produced an action plan of measures to combat the shifting of profits across
See MoreOECD: Treatment of termination payments in tax treaties
A discussion document on the treatment of termination payments in tax treaties was issued by the OECD on 25 June 2013. The document discusses various categories of payment made to employees on or after the termination of their employment and
See MoreOECD: Draft Handbook on Transfer Pricing Risk Assessment
The Steering Committee of the OECD Global Forum on Transfer Pricing undertook a project on transfer pricing risk assessment in November 2011. The objective of that project was to produce a practical handbook for providing clear and detailed steps
See MoreOECD report on Tax Administration for 2013
The document Tax Administration 2013 has been issued by the OECD Centre for Tax Policy and Administration. This report includes statistics on tax administration from 52 tax administrations covering advanced and emerging economies. The document is
See MoreOECD Approves Changes to Transfer Pricing Guidelines on Safe Harbours
The OECD has approved the amended section of the OECD transfer pricing guidelines concerning safe harbours. The draft revised guidelines developed by the OECD were initially published for public consultation in June 2012. Following the receipt of
See MoreOECD Working Paper looks at distortive effects of Swiss tax system
A Working Paper written by Andrés Fuentes and published by the OECD looks at features of the Swiss tax system and examines the extent to which certain aspects of the system may have a distorting effect on the Swiss economy. Generally Switzerland
See MoreOECD releases draft handbook on transfer pricing risk assessment
The OECD has released for comment a draft handbook in respect of transfer pricing risk assessment. This is intended to be a practical resource for tax administrations to follow in developing a risk assessment approach to transfer pricing issues.
See MoreOECD: report prepared for G20 on fighting tax evasion
The OECD has prepared a report for the G20 Finance Ministers and Central Bank Governors on international measures being taken to ensure that taxpayers pay the correct amount of tax. These measures include the work of the Global Forum on Transparency
See MoreUK: supplementary report by the Global Forum’s Peer Review Group
A supplementary report has been issued further to the combined Phase 1-2 report issued by the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes in September 2011. Since that date the UK has sent a follow up report to
See MoreOECD: Global Forum moves to Phase 2 peer reviews
The OECD’s “Global Forum on transparency and information exchange for tax purposes” has a three year mandate to ensure the implementation of tax transparency standards by conducting “peer reviews” of its member countries and of other
See MoreOECD publishes mutual agreement procedure statistics for 2011
The OECD has made available the statistics for 2011 in respect of the mutual agreement procedure (MAP) in its member countries. The statistics were provided to the OECD by member countries and by Argentina and South Africa which are not currently
See MoreOECD: study of taxation of wages
The OECD Centre for Tax Policy and Administration has published as a Taxation Working Paper a study entitled: “The average personal income tax rate and tax wedge progression in OECD countries”. The tax wedge could be defined as the difference
See MoreOECD: Aggressive tax planning schemes based on after-tax hedging
On 13 March 2013 the OECD released a report entitled “Aggressive Tax Planning Based on After-Tax Hedging”. This report uses information on aggressive tax avoidance schemes submitted to the OECD Directory on Aggressive Tax Planning and looks at
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