Hong Kong: Exchange of information for tax purposes

18 December, 2013

Hong Kong is broadly compliant in its implementation of the international standards of transparency and exchange of information for tax purposes, a review of OECD’s global forum was announced at its meeting in Jakarta on November 2013. However,

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Hungary Signs OECD Multilateral Tax Assistance Treaty

10 December, 2013

Hungary has become the 61st jurisdiction to sign the Organization for Economic Cooperation and Development’s multilateral treaty on multilateral tax assistance. This can be considered as a step of Hungary to its fight against cross-border tax

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OECD publishes paper on tax crime in the fishing sector

08 December, 2013

A report prepared by the OECD Task Force on Tax Crimes and Other Crimes entitled “Evading the net: tax crime in the fisheries sector” has been published by the OECD. The report points out that the fisheries sector is a very large global industry

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OECD Forum on Tax and Crime

08 December, 2013

The Third International Forum on Tax and Crime was held in Istanbul on 7 and 8 November 2013. The Forum brought together representatives of tax and customs administration, police, financial regulators and anti-money laundering and anti-corruption

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OECD consults on transfer pricing issues

08 December, 2013

The OECD held a public discussion on transfer pricing issues in Paris on 12 and 13 November 2013. The participants were representatives of the business world, academic institutions, non-governmental organizations, the media and the public. The

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OECD publishes bribery and corruption awareness handbook for tax examiners

18 November, 2013

The  published a Recommendation on cooperation between tax and other law enforcement bodies to deal with serious crimes in 2010. Under this recommendation countries were expected to ensure that effective legal frameworks were implemented to

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New Zealand – Supports BEPS Action Plan

18 November, 2013

The tax department of New Zealand released a report that endorses measures outlined by the Organization for Economic Cooperation and Development (OECD) action plan to deal with the taxation of large multinational corporations and the problems of

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OECD – Request for submissions on PE-status avoidance strategies (BEPS)

06 November, 2013

The organization for Economic Co-operation and Development (OECD) issued a request on 22 October 2013 for submissions of a “short description of strategies” that might be considered to result in the artificial avoidance of permanent

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New Zealand Tax Department Backs OECD BEPS Plan

06 November, 2013

New Zealand's Inland Revenue Department (IRD) has released a report that strongly endorses the measures drawn up by the Organization for Economic Cooperation and Development (OECD) for tackling base erosion and profit shifting. The OECD action plan

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OECD: Welcomes Japanese tax increase

22 October, 2013

Recently, the Secretary General of the Organization for Economic Cooperation and Development (OECD) has welcomed the announcement by Prime Minister on 7 October 2013 that,  the nation will increase its consumption tax from its current 5% levy to 8%

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OECD consults developing countries on base erosion and profit shifting

07 October, 2013

A meeting of more than 300 tax officials from the tax administrations of more than 100 countries and organizations was hosted by the OECD in Paris on 26 September 2013.  The participants in the meeting discussed the ways in which developing

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OECD: Engaging and involving SME taxpayers

19 September, 2013

The OECD recently published a paper entitled “Together for Better Outcomes” dealing with the issue of how to involve and engage small and medium enterprise (SME) taxpayers and other stakeholders in the tax compliance process. This study was

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WTO, OECD and UNCTAD paper on Global Value Chains presented to G20

10 September, 2013

A joint report by the WTO, OECD and UNCTAD entitled “Implications of global value chains for trade, investment, development and jobs” dated 6 August 2013 was presented to the G20 meeting of September 2013. The report is a result of research into

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OECD: Tax policy developments after the financial crisis

10 September, 2013

A new OECD working paper entitled “The Tax Policy Landscape Five Years after the Crisis” published on 9 September 2013 looks at developments in tax policy in the five years since the financial crisis. The paper points out that in 2008 and 2009

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OECD reports to G20 on tax matters

10 September, 2013

The OECD Secretary General submitted a report on tax issues to the G20 meeting on 5 and 6 September 2013. The first part of the report relates to progress made by the Global Forum on Transparency and Exchange of Information for Tax Purposes; and the

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China: OECD publishes working paper on China’s tax policy

10 September, 2013

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

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Kenya: The Revenue Authority adduces “force of attraction” rule

09 September, 2013

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

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OECD: Mutual agreement procedure statistics

08 September, 2013

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

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