WTO: Director General Comments on World Trade Report
At a meeting of the Trade Policy Review Body on 25 July 2018 the WTO’s Director General commented on the Trade Monitoring Report issued earlier in July 2018. The report covers the period from mid-October 2017 to mid-May 2018. The Director General
See MoreWTO Issues World Trade Statistical Review 2018
On 31 July 2018 the World Trade Organisation (WTO) issued its World Trade Statistical Review 2018. This looks at developments in world trade and analyses trade in goods and services. The review shows that in 2017 there was stronger growth in world
See MoreOECD: Academy for Tax and Financial Crime Investigation Opens New Centre
On 22 July 2018 the OECD Secretary General and the Treasury Minister of Argentina presided over the signing of a Memorandum of Understanding to set up a centre of the OECD Academy for Tax and Financial Crime Investigation. The OECD Latin America
See MoreOECD: Inclusive Framework Issues Progress Report
The OECD’s Inclusive Framework on base erosion and profit shifting (BEPS) has issued a progress report of its activities in the year to June 2018. The report indicates that significant developments have taken place in BEPS implementation during
See MoreOECD: Report on Improving Tax Certainty Prepared for G20 Finance Ministers
On 23 July 2018 the OECD released a report on approaches to improving tax certainty, prepared for the G20 Finance Ministers who met on 19 and 20 July 2018. The report focuses first on developments in the OECD and G20 countries such as the
See MoreOECD: Tax Report by the Secretary General to the G20 Finance Ministers
On 23 July 2018 the OECD released the tax report from the OECD Secretary General to the G20 Finance Ministers. The G20 Finance Ministers met on 19 and 20 July 2018. Tax Challenges Arising from Digitalisation An interim report issued in March
See MoreOECD: Global Forum issues peer reviews on tax transparency and information exchange
On 16 July 2018 the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes published peer review reports assessing the level of compliance by seven countries with the international standard on tax transparency and
See MorePlatform for Collaboration on Tax: taxation of offshore indirect transfers
On 16 July 2018 the Platform for Collaboration on Tax (PCT) published a new draft of its toolkit on the taxation of offshore indirect transfers of assets. The PCT was set up by the IMF, OECD, UN and World Bank at the request of the G20 of countries
See MoreOECD and IGF issue draft toolkit on costing behavioural responses to tax incentives
On 18 June 2018 the OECD published a draft toolkit to help developing countries identify and cost the potential behavioural responses by mining investors to tax incentives. Comments on the draft toolkit are invited from interested parties by 6 July
See MoreOECD considers updating guidance on transfer pricing for intragroup services
The OECD is considering revising the guidance in Chapter VII (intragroup services) of the transfer pricing guidelines. A consultation has been held, for which the closing date for comments was 20 June 2018, and the comments from interested parties
See MoreOECD: Working Party considers revising Chapter IV of the transfer pricing guidelines
The OECD is considering revising the guidance in Chapter IV (administrative approaches) of the transfer pricing guidelines. A consultation has been held, for which the closing date for comments was 20 June 2018, and the comments from interested
See MoreOECD: Multilateral Instrument ratified by Serbia
The OECD has reported that on 5 June 2018 Serbia deposited with the OECD Secretary General its instrument of ratification in relation to the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting
See MoreUnited Nations Releases Extractive Industries Handbook
The United Nations has released the Extractive Industries Handbook at the 16th Session of the UN Committee of Experts held in New York from 14 to 17 May 2018. The handbook focuses on specific areas on interest for developing countries in taxing
See MoreOECD: Global Forum Issues Peer Review Reports
On 4 April 2018 the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes published peer review reports on nine countries. The reports assess the countries’ compliance with the agreed international standards in
See MoreOECD: Revenue Statistics in Latin America and the Caribbean
On 27 March 2018 the OECD released the latest edition of the publication Revenue Statistics in Latin America and the Caribbean 2018. The publication notes that tax revenues in the region fell in 2016, with an average tax to GDP ratio of 22.7%, 0.3%
See MoreOECD: Further guidance on attribution of profits to permanent establishments
On 22 March 2018 the OECD issued a report entitled “Additional Guidance on the Attribution of Profits to Permanent Establishments, BEPS Action 7”. This latest guidance follows the issue of a discussion draft on 22 June 2017 containing guidance
See MoreOECD announces date of entry into force of multilateral instrument
On 22 March 2018 the OECD announced that the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting is to enter into force on 1 July 2018. The Convention allows the signatories to quickly and
See MoreAgreement to Create the African Continental Free Trade Area
On 21 March 2018 leaders of 44 African countries signed an agreement to create the African Continental Free Trade Area (AfCFTA). The agreement if implemented would remove barriers to trade, such as tariffs and import quotas, allowing the free flow
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