US Treasury Secretary backs the OECD talks on Global Minimum Tax

06 April, 2021

On 5 April 2021 the US Treasury Secretary Janet Yellen announced that she is working with the G20 countries to reach an agreement on a global minimum corporate tax rate. This is a reference to US cooperation with the G20/OECD initiative to design a

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OECD: Exchange of Information commences under Global Standard on Substantial Activities

02 April, 2021

From 31 March 2021 twelve low tax jurisdictions have begun exchanging information under the global standard on substantial activities. The OECD’s Inclusive Framework aims to ensure through application of the global standard that substantial

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OECD: Request for input on proposed changes to commentary on Article 9 of OECD Model

02 April, 2021

On 29 March 2021 the OECD issued a public discussion draft on proposed changes to the commentary to Article 9 (associated enterprises) of the OECD Model Tax Convention. The amendments are to be included in the next update of the OECD

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OECD: 2020 Peer Review Report on Treaty Shopping

01 April, 2021

On 1 April 2021 the OECD released the latest annual peer review report on adoption of measures against treaty shopping. The report on Action 6 of the OECD project on base erosion and profit shifting (BEPS) noted that abuse of double tax

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Platform for Collaboration on Tax: Toolkit on Tax Treaty Negotiations

11 March, 2021

The Platform for Collaboration on Tax (PCT) was set up by the IMF, OECD, UN and World Bank Group. The PCT has been developing a series of toolkits to guide developing countries in the implementing policy options. The PCT's Toolkit on Tax Treaty

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OECD Tax Talk Reviews Recent Developments

04 March, 2021

The OECD Tax Talk on 4 March 2021 provided updates on important areas of OECD tax work. Taxation of the Digital Economy Countries have recognised the need to further simplify the proposals in Pillar One of the taxation of the digital economy

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OECD: BEPS Action 5 Peer Review Transparency Framework

22 February, 2021

On 22 February 2021 the OECD issued a report outlining the details of the new peer review framework for the peer reviews under Action 5 of the OECD/G20 action plan on base erosion and profit shifting (BEPS). Action 5 relates to action to combat

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OECD: Final Batch of Stage 1 Peer Review Reports on Dispute Resolution

16 February, 2021

On 16 February 2021 the OECD issued the final batch of stage 1 peer review assessments in relation to BEPS Action 14 on making dispute resolution mechanisms more effective. Countries that are members of the OECD’s Inclusive Framework on BEPS

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OECD: International Tax Cooperation to Regulate Globalisation

05 February, 2021

On 1 February 2021 the OECD Secretary General published a blog post entitled A Turning Point for Tax: International co-operation for better regulation of globalisation. The note is based on the speech given by the Secretary General at the opening

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OECD: Public Consultation on minimum standard under BEPS Action 14

02 February, 2021

On 1 February 2021 a virtual public consultation meeting was held as part of the review of BEPS Action 14 on improving tax dispute resolution mechanisms. This follows the publication of a consultation document in November 2020 and the publication

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OECD: Meeting of the Inclusive Framework on BEPS

31 January, 2021

The 11th plenary meeting of the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS) was held on 27 and 28 January 2021 as a virtual meeting. The countries involved in the Inclusive Framework are working towards implementation of

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Platform for Collaboration on Tax: Toolkit on Implementing Transfer Pricing Documentation Requirements

22 January, 2021

On 19 January 2021 the Platform for Collaboration on Tax (PCT) published the “Practical Toolkit to Support the Successful Implementation by Developing Countries of Effective Transfer Pricing Documentation Requirements”. The PCT was set up by

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OECD: Public Consultation on Tax Challenges of the Digital Economy

17 January, 2021

A public consultation meeting was held by the OECD on 14 and 15 January 2021 to discuss the proposals in relation to Pillar One and Pillar Two of the tax challenges of the digital economy. Following the publication of Blueprints on Pillar One and

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OECD publishes public comments on proposals on taxation of the digital economy

23 December, 2020

On 16 December 2020 the OECD published comments received on the Blueprints outlining the remaining issues involved in finalising the work on Pillar One and Pillar Two of the proposals on tax challenges arising from the digitalisation of the

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OECD: Implementation of transfer pricing for hard-to-value intangibles

19 December, 2020

On 16 December 2020 the OECD published information setting out the extent to which member countries of the Inclusive Framework have implemented the recommendations on hard to value intangibles (HTVI) drawn up as part of the OECD/G20 project on base

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German Upper House Approves MLI to Implement Tax Treaty Related BEPS Measures

03 December, 2020

On 6 November 2020 the Bundesrat (the upper house in the German parliament) gave its approval to ratifying the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting, also known as the

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OECD: Update on Peer Reviews of Harmful Tax Practices

28 November, 2020

On 23 November 2020 the OECD published an update on its work in relation to harmful tax practices. Harmful tax practices are highly favourable tax rulings or preferential tax rules or regimes intended to attract foreign income, potentially

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UN: Proposed Treaty Article on Income from Automated Digital Services

30 October, 2020

Report by James R. Border, Law Office of James R. Border, P.A., Fort Lauderdale, Florida Over the past several days the UN Committee of Experts on International Cooperation in Tax Matters discussed the work done by Members concerning the tax

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