OECD – Update on transfer pricing documentation
The OECD’s Centre for Tax Policy and Administration held a webcast on 2 April 2014 at which an update was provided on the progress of aspects of the action plan on base erosion and profit shifting (BEPS). The update covers the issues of transfer
See MoreOECD – New Information Exchange Standard Gains Support
The European Council has encouraged some European countries to move quickly to make a commitment to the global standard for automatic tax information exchange. These countries are to implement the standard at an early stage. Also, Austria and
See MoreOECD – Digital Economy Review May Hit Ireland Hardest
As part of the action plan on base erosion and profit shifting (BEPS) the OECD has produced a discussion draft on the tax consequences of the digital economy. The professional body Chartered Accountants Ireland has suggested that the proposed
See MoreOECD – Discussion draft on digital economy (BEPS action plan)
The Organization for Economic Co-operation and Development (OECD) has issued a discussion draft on Action Item 1 (Tax Challenges of the Digital Economy) of the base erosion and profit shifting (BEPS) Action Plan. The BEPS Action Plan Item 1 aims to
See MoreOECD Digital Economy Review may affect Ireland
Proposals in the Organisation for Economic Co-operation and Development (OECD) discussion draft on digital taxation, that would change the way high-tech multinational companies are taxed, will only benefit large countries with large markets,
See MorePoland – New guidelines concerning transfer pricing regulations on business restructuring
Poland has prepared guidance on some questions arising from the issue of transfer pricing regulations last year. The guidance is generally based on OECD principles. Under the guidance the expression “business restructuring” is defined as the
See MoreOECD – Discussion draft on neutralizing hybrid mismatch arrangements (BEPS)
The Organization for Economic Co-operation and Development (OECD) has issued discussion drafts in connection with Action Item 2 of the base erosion and profit shifting (BEPS) Action Plan. This action item is concerned with ways to legislate against
See MoreOECD – Discussion draft on digital economy tax challenges (BEPS)
The Organization for Economic Co-operation and Development (OECD) has released a discussion draft on Action Item 1 (Tax Challenges of the Digital Economy) of the Action Plan on base erosion and profit shifting (BEPS). The press release explains that
See MoreOECD – Discussion draft on proposals to prevent treaty abuse under BEPS
In accordance with the action plan on base erosion and profit shifting (BEPS) the OECD has issued a discussion draft dealing with ways to prevent the abuse of tax treaties. The OECD is considering the development of new provisions in the OECD Model
See MoreOECD – BEPS webcast to address transfer pricing documentation
The OECD is to hold a webcast on 2 April 2014 to explain the latest developments in carrying out the action plan on base erosion and profit shifting (BEPS). Staff from the Centre for Tax Policy and Administration will consider the numerous questions
See MoreOECD: Regional consultations on BEPS
As part of its project on Base Erosion and Profit Shifting (BEPS), the Organization for Economic Co-operation and Development (OECD) has held two regional consultations. These took place in Asia, on February 20-21, and in Latin America, on February
See MoreOECD Comments on Crown Dependencies
The secretary general of the Organization for Economic Co-operation and Development (OECD) recently commended the Isle of Man, Jersey, and Guernsey for the progress they have made towards increasing tax transparency. He also said during a debate at
See MoreCanada: Budget 2014 incorporates transfer pricing rules and financial services
It has been announced by the OECD that the Budget for 2014 includes the announcement of a consultation on international tax planning by multinational enterprises as input into Canada's participation in the action plan on the basis of erosion and
See MoreOECD To Engage Industry in BEPS Consultations
The Organization for Economic Cooperation and Development (OECD) has recently published a revised timetable for public consultations on Base Erosion and Profit Shifting (BEPS) and the release of Discussion Drafts. Three Discussion Drafts will be
See MoreAzerbaijan- Progress towards WTO accession
At the 11th meeting of the Working Party on February 21, 2014 Azerbaijan's World Trade Organization (WTO) accession bid gained positive momentum. Azerbaijan has been diversifying its economy away from reliance on the energy sector alone and has been
See MoreOECD issues the single global standard for the automatic exchange of information
On February 13, 2014 the OECD released the Common Reporting Standard (CRS), which seeks to establish automatic exchange of tax information as the new global standard for governments. The approach is at the heart of the fight against tax evasion, but
See MoreOECD Reports Higher Consumption Taxes for Latin America
The Organization for Economic Cooperation and Development (OECD) has released the latest version of its Revenue Statistics in Latin America. This report shows that the average tax revenue to gross domestic product (GDP) ratio in the 18 Latin
See MoreOECD: comments published on artificial avoidance of PE
The OECD has published on its website the comments received following a request made in October 2013 on strategies that could result in the artificial avoidance of permanent establishment status. The request is part of the OECD’s work for the G20
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