OECD: Regional Meeting on BEPS
The Eastern Europe and Central Asia Regional Meeting and Governmental Workshop on base erosion and profit shifting (BEPS) met on 21 to 23 October 2015 to discuss the implementation and monitoring of the BEPS outcomes drawn up by the OECD. On 5
See MoreOECD: BEPS Package approved by G20 Finance Ministers
The G20 Finance Ministers at their meeting of 8 October 2015 gave strong support to the final package of measures produced by the OECD action plan on base erosion and profit shifting (BEPS). They repeated their commitment to a rapid and consistent
See MoreUN Committee of Tax Experts to discuss issues related to UN Model
The UN Committee of Experts on International Cooperation in Tax Matters is to meet from 19 to 23 October 2015. Their agenda includes discussion of issues relating to the UN Model Tax Convention; and the next update of the UN Practical Manual on
See MoreUK: Consultation on draft Regulations on country by country reporting
On 5 October 2015 the UK issued draft Regulations in relation to country by country reporting, along the lines of the recommendations made in the OECD action plan on base erosion and profit shifting (BEPS). The aim is to require multinational groups
See MoreOECD announces final package of BEPS measures
On 5 October 2015 the OECD presented the final package of measures resulting from the action plan on base erosion and profit shifting (BEPS). The package of measures based on the fifteen action points is to be presented to the G20 Finance Ministers
See MoreOECD to release final BEPS package on 5 October 2015
The OECD has announced that it is to release the final package of measures to tackle base erosion and profit shifting (BEPS) on 5 October 2015. The final package will result from the BEPS action plan which set out 15 actions targeting key areas in
See MoreOECD issues progress report on BEPS project
The OECD held a webcast on 8 June 2015 to provide another update on progress on the action plan on base erosion and profit shifting (BEPS). Roadmap to delivery A roadmap was provided for delivery of the project. The working parties are currently
See MoreOECD/ G20 action plan on BEPS supported by G7 summit
The Leaders’ Declaration issued at the end of the G7 summit on 8 June 2015 reaffirmed the commitment of the G7 leaders to finalizing the recommendations of the OECD/ G20 action plan on base erosion and profit shifting (BEPS) by the end of 2015.
See MoreOECD issues implementation package on country by country reporting
On 8 June 2015 the OECD released a package of measures for implementing the country by country reporting plan proposed as part of the OECD/ G20 action plan on base erosion and profit shifting (BEPS). This package is issued as part of Action 13 of
See MoreOECD issues discussion draft on transfer pricing for hard-to-value intangibles
On 4 June 2015 the OECD issued a further discussion draft in connection with Action 8 of the action plan on base erosion and profit shifting (BEPS). Action 8 is concerned with assuring that transfer pricing outcomes for intangibles are in line with
See MoreInternational Commission calls for more developing country participation in BEPS
An international panel including Nobel Prize winning economist Joseph Stiglitz and other development experts has called for greater developing country participation in the OECD project on base erosion and profit shifting (BEPS). The Independent
See MoreIMF working paper looks at base erosion, profit shifting and developing countries
The International Monetary Fund (IMF) has published on its website a working paper (No. 15/118) entitled “Base Erosion, Profit Shifting and Developing Countries”. Although the working paper does not necessarily represent the views of the IMF it
See MoreOECD Convenes Group to Develop Multilateral Instrument
The OECD announced on 28 May 2015 that it has begun work on developing a Multilateral Instrument that will implement the tax treaty-related output of the OECD/ G20 action plan on base erosion and profit shifting (BEPS). An ad hoc group has been
See MoreOECD issues new discussion draft on prevention of treaty abuse
On 22 May 2015 the OECD issued a new discussion draft on Action 6 of the action plan on base erosion and profit shifting (BEPS) dealing with the issue of preventing tax treaty abuse. This follows the release of a previous discussion draft on this
See MoreOECD publishes comments received on BEPS action 11
On 13 May 2015 the OECD published on its website comments received on the discussion draft on base erosion and profit shifting (BEPS) action plan Action 11 (Improving the analysis of BEPS). Comments were received from 20 organizations and
See MoreOECD releases new discussion draft under BEPS action 7 on permanent establishments
On 15 May 2015 the OECD published a new discussion draft on action 7 of the action plan on base erosion and profit shifting (BEPS). Action 7 is concerned with changing the definition of a permanent establishment (PE) in the model treaty to prevent
See MoreAustralia: Budget for 2015-2016 Includes BEPS Measures and Exposure Drafts for a New Targeted Anti-Avoidance Rule
The Government of Australia announced the 2015-2016 fiscal budget on May 12, 2015. Australia has included in the budget a country-by-country reporting requirement following the recommendation in the OECD/G20 action plan on base erosion and profit
See MoreOECD releases discussion draft on cost contribution arrangements
On 29 April 2015 the OECD released a discussion draft on cost contribution arrangements. The draft is part of action 8 of the OECD/G20 action plan on base erosion and profit shifting (BEPS) aiming to ensure that transfer pricing outcomes are in line
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