OECD: Inclusive Framework issues policy note on digital economy
The Inclusive Framework on base erosion and profit shifting (BEPS) has issued a new Policy Note under action 1 of the action plan on base erosion and profit shifting (BEPS) entitled Addressing the Tax Challenges of the Digitalisation of the Economy.
See MoreEU: Report by European Commission on investor residence schemes
On 23 January 2019 the European Commission issued a report on citizenship by investment and citizenship by residence schemes operated by a number of EU Member States. The report looks at current practices and identifies some of the risks from such
See MoreEuropean Commission opens in-depth investigation into Netherlands tax rulings
On 10 January 2019 the European Commission announced that it has opened an in-depth investigation into tax rulings granted by the Netherlands to companies in the Nike group. The rulings may have given the companies an unfair competitive advantage
See MoreOECD to launch Corporate Tax Statistics
The OECD announced on 11 January 2019 that a new report and dataset entitled Corporate Tax Statistics is to be published containing internationally comparable statistics and analysis relevant to the debate on tax policy. These statistics that will
See MoreIMF report looks at the economic outlook in Panama
On 28 December 2018 the IMF published a report on its website following the conclusion of consultations with Panama under Article IV of the IMF’s articles of association. Economic growth in Panama is estimated at 3.7% for the first half of 2018,
See MoreOECD: Peer reviews on BEPS Action 5 minimum standard
On 13 December 2018 the OECD published the 2017 Peer Review Reports on the Exchange of Information on Tax Rulings. The peer reviews were conducted as part of the follow-up work and monitoring of developments in line with the recommendations of the
See MoreIMF report comments on Spain’s fiscal position
On 19 November 2018, the International Monetary Fund (IMF) issued a report following consultations with Spain under Article IV of the IMF articles of agreement. In Spain the real GDP growth is expected to decrease to 2.5% percent in 2018 and to
See MoreOECD: Inclusive Framework report on preferential tax regimes
On 15 November 2018 the OECD published a progress report in relation to the work by the Inclusive framework on base erosion and profit shifting (BEPS) on assessing preferential tax regimes. The Inclusive Framework is implementing the monitoring
See MoreOECD: Guidance on synthesised texts clarifying the impact of the MLI
The OECD announced on 16 November 2018 that new guidance is available for the development of synthesised texts presenting a clear overview of the modifications by countries to their bilateral double tax treaties as a result of applying the
See MoreOECD: Latin America Academy for Tax and Financial Crime Investigation Begins Courses
On 16 November 2018 the OECD announced that the Latin America Academy for Tax and Financial Crime Investigation has launched its first programme. Tax investigators from Argentina, Bolivia, Chile, Colombia, Mexico, Paraguay, Peru and Dominican
See MoreOECD: 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 MoreEU: European Commission formally notifies Romania on VAT split payment rule
On 8 November 2018 the European Commission sent a formal notice to Romania expressing the view that the VAT split payment mechanism applicable in Romania from 1 January 2018 is not compatible with the EU VAT Directive 2006/112 and is not compatible
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 MoreOECD: Revenue Statistics in Africa for 2018
On 31 October 2018 the OECD released the third edition of Revenue Statistics in Africa. The publication, released during the 18th International Economic Forum on Africa, is a joint initiative between the African Tax Administration Forum (ATAF), the
See MoreIMF working paper examines effects of tax treaties with investment hubs
An IMF working paper was released on 24 October 2018 entitled The Cost and Benefits of Tax Treaties with Investment Hubs: Findings from Sub-Saharan Africa. (Working Paper 18/227). Double tax treaties can affect returns to foreign investment through
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 MoreEU: Investment protection agreement with Vietnam
On 17 October 2018 the European Commission adopted an investment protection agreement with Vietnam, at the same time as a free trade agreement. This paves the way for the final signature and conclusion of the investment protection agreement. Under
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