OECD 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 MoreLuxembourg supports revised Savings Tax Directive
The EU has adopted the revised Savings Tax Directive, strengthening the efforts to combat cross-border tax evasion by exchanging information on savings income. The revised text extends the scope of the Directive more entities and types of income
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 MoreEU – Expanded scope of Savings Taxation Directive
According to information released on 21 March 2014 the European Council has given the go ahead to the amended Savings Tax Directive. Luxembourg agreed to the proposed changes and this removed the final obstacle to the adoption of the revised
See MoreEU Report Tracks Protectionist Trade Measures
The European Commission has issued the latest edition of the publication entitled Trade and Investment Barriers Report (TIBR). This looks at the amount of progress made in removing barriers to trade by local companies with third countries and
See MoreEU Leaders Reach Deal on Savings Tax Directive
The revised Savings Tax Directive has been formally adopted by the EU member states. This amended Directive helps to combat tax evasion by increasing the scope of automatic tax information exchange in respect of savings income, thereby helping to
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 MoreIsrael: VAT Position of Foreign E-retailers
Non-resident retailers of goods and digital services to Israeli consumers will remain outside of the Israeli VAT net. This is the result of a decision of the High Court that has struck down a petition from local online retailers that E-retailers
See MoreEU – Frequently asked questions on EU Savings Taxation Directive
Recently the European Commission provided a discussion of frequently asked questions (FAQs) concerning the EU Savings Taxation Directive. The Savings Directive aims to address cross-border tax evasion by creating an information exchange system for
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 MoreEU – Status update of financial transaction tax
The European Commission on 5 March 2014 posted an update of the status of the proposed financial transaction tax. According to the Commission a February 2013 proposal for “enhanced cooperation” reflected the scope and objectives of original
See MoreEU – Excise tax rates for alcohol, tobacco and energy for 2014
Recently, the European Commission posted updated (as of 1 January 2014) indirect tax rates for excise duties on alcohol, tobacco, and energy. Updated rates are available on the EC
See MoreEU – European Commission Looks At Green Tax Options
An increase in taxes on the causes of air and water pollution in the European Union could generate revenues of EUR35bn (USD47.2bn) in real terms in 2016 alone, the European Commission has claimed in a new report. A new study from the European
See MoreEU – European Commission takes action to close the gender pay gap
On 8th March, 2014 the European Commission adopted a Recommendation asking Member States to improve pay transparency for women and men in a bid to help close the gender pay gap. The pay gap – the average difference between women and men’s hourly
See More