OECD: Taxpayer input invited on seventh batch of Dispute Resolution peer reviews
On 15 November 2018 the OECD issued a request for taxpayers to submit input in relation to the seventh round of stage 1 peer reviews under action 14 of the OECD/G20 action plan on base erosion and profit shifting (BEPS). Action 14 is concerned with
See MoreUK: Finance (No 3) Bill 2018 published
The Finance (No 3) Bill 2018 was published on 7 November 2018. The second reading of the Bill in Parliament took place on 12 November 2018. When it has completed its passage through Parliament the Bill will become the Finance Act 2019 . The Bill
See MoreOECD: Inclusive Framework regional meeting for Eastern Europe and Central Asia
A regional meeting of the Inclusive Framework on base erosion and profit shifting (BEPS) for Eastern Europe and Central Asia was held in Armenia on 7 to 9 November 2018. Delegates from sixteen countries, international and regional organisations as
See MoreUK: Consultation document on digital services tax
On 8 November 2018 the UK government issued a consultation document on the proposed digital services tax. Comments are invited from interested parties before 28 February 2019. As part of the budget proposals the Chancellor of the Exchequer
See MoreJapan: Tax authorities publishes the synthesized text with Israel, New Zealand, Poland, Slovakia, Sweden and the UK
Recently, the Japanese tax authorities published the synthesized text of the Japanese tax treaties with Israel, New Zealand, Poland, Slovakia, Sweden and the United Kingdom (UK) as modified by the MLI. The synthesized text reflects the agreement
See MoreUkraine: Draft law on implementation of BEPS provisions
On 24 October 2018, Ukraine published a draft law on the implementation of some of the recommendation of the OECD/G20 reports on Base Erosion and Profit Shifting (BEPS). The draft law was developed by the Finance Ministry and National Bank supported
See MoreWorld Bank: Report on the changing nature of work
On 12 October 2018 the World Bank issued World Development Report 2019: The Changing Nature of Work. The report notes that technology is creating jobs, increasing productivity and delivering effective public services and suggests that public fears
See MoreOECD and World Bank call for streamlined approach to combating tax evasion and corruption
On 22 October 2018 the OECD and the World Bank produced a joint report on Improving Cooperation between Tax Authorities and Anti-Corruption Authorities in Combating Tax Crime and Corruption. The joint report was launched at the eighteenth
See MoreUN: Committee of Experts Discusses International Tax Issues
The seventeenth session of the UN Committee of Experts on International Cooperation in Tax Matters took place in Geneva from 16 to 19 October 2018. Discussions at the seventeenth session considered issues for the next updates of UN publications on
See MoreOECD: Tax Talk discusses progress on key tax issues
An OECD Tax Talk on 16 October 2018 discussed the latest developments on tax issues. Tax Challenges of Digitalisation In March 2018 the Task Force on the Digital Economy (TFDE) sent an interim report to the G20 on the tax challenges of
See MoreOECD: CRS avoidance through residence and citizenship by investment schemes
On 16 October 2018 the OECD has published the results of its analysis of over 100 schemes for citizenship by investment and residence by investment (CBI/RBI) offered by jurisdictions that are committed to the common reporting standard (CRS). These
See MoreOECD: Policy Note on Tax and Digitalisation
On 19 October 2018 the OECD issued a policy note on tax and digitalization. The policy note looks at the challenges to tax systems arising from the digital economy and the opportunities and risks presented. A review of the international tax rules to
See MoreOECD and IGF release practice notes on BEPS risks in mining
On 19 October 2018 the OECD announced that a first set of practice notes for developing countries on BEPS risks in the mining sector have been finalized. The practice notes have been developed by the OECD’s Centre for Tax Policy and
See MoreUK: Online VAT pilot for Making Tax Digital
On 16 October HMRC announced that it has begun a new pilot scheme in connection with the Making Tax Digital (MTD) programme. The online value added tax (VAT) pilot will include around half a million businesses in the UK. This follows the first
See MoreEU: Progress on tax on digital companies
The head of tax for the European Commission has said in an interview on 10 October 2018 that details of a new tax on large technology companies could be agreed by the end of the year. Currently corporate income tax systems in the EU are based on
See MoreIreland announces Budget for 2019
On 9 October 2018, the Budget for 2019 was presented to Parliament by the Minister of Finance. The summary of 2019 Budget measures are following: Corporate Tax Film Relief The scheme provides relief in the form of a corporation tax credit related to
See MoreCIS countries plan to automatically share tax data of individuals and companies
The CIS states intend to share information about taxes paid by individuals and businesses, as well as information about the property they own, in an automatic mode. The plans are set out in a draft CIS protocol on the exchange of digital information
See MoreEU: Tax Rulings Issued by Luxembourg were not State Aid
On 19 September 2018 the European Commission determined that the non-taxation of certain profits arising to McDonald's Europe Franchising in Luxembourg did not amount to illegal State aid. The Commission had investigated under EU State aid rules
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