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 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 MoreOECD – Transfer pricing comparability data and developing countries
The OECD has prepared a paper in respect of transfer pricing comparability data and its use in developing countries. This is intended to find a response to concerns about the quality of comparable data available in developing countries. The lack of
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 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 MoreOECD To Engage Industry in BEPS Consultations
The Organization for Economic Cooperation and Development (OECD) has recently published a revised timetable for public consultations on Base Erosion and Profit Shifting (BEPS) and the release of Discussion Drafts. Three Discussion Drafts will be
See MoreNew Zealand: Convention on tax assistance enters into force
From 1st March 2014, the multilateral Convention on Mutual Administrative Assistance in Tax Matters will become effective for New Zealand. The Convention, which New Zealand ratified in November, will greatly enhance the country’s ability to combat
See MoreOECD issues the single global standard for the automatic exchange of information
On February 13, 2014 the OECD released the Common Reporting Standard (CRS), which seeks to establish automatic exchange of tax information as the new global standard for governments. The approach is at the heart of the fight against tax evasion, but
See MoreOECD – Revised timeline for BEPS discussion drafts and public consultations
The Organization for Economic Cooperation and Development (OECD) has released a revised timeline for action relating to base erosion and profit shifting (BEPS) discussion drafts and public consultations. The first outputs under the BEPS project are
See MoreOECD – New Global Standard for Information Exchange supported by Jersey
The Chief Executive of Jersey Finance has expressed support for the Organization for Economic Co-operation and Development's (OECD) new single global standard for the automatic exchange of information between tax authorities worldwide. Jersey has
See MoreOECD releases paper on transfer pricing documentation
On 30 January 2014, as part of the action plan on base erosion and profit shifting, the OECD published a discussion draft on transfer pricing documentation. This discussion draft takes the form of a revised Chapter V of the OECD Transfer Pricing
See MoreOECD: BEPS-related transfer pricing documentation, country-by-country reporting draft guidance
On 31 January 2014 the Organization for Economic Co-operation and Development (OECD) released an initial draft of revised guidance on transfer pricing documentation and country-by-country reporting. This is related to Action 13 under the Base
See MoreCroatia-Bill Ratifying Multilateral Tax Convention
The government of Croatia has sent a bill to parliament to ratify the Convention on Mutual Administrative Assistance in Tax Matters. This move forms part of the country's aims to fulfill its tax obligations on an international level. Croatia signed
See MoreOECD Reports Higher Consumption Taxes for Latin America
The Organization for Economic Cooperation and Development (OECD) has released the latest version of its Revenue Statistics in Latin America. This report shows that the average tax revenue to gross domestic product (GDP) ratio in the 18 Latin
See MoreOECD: comments published on artificial avoidance of PE
The OECD has published on its website the comments received following a request made in October 2013 on strategies that could result in the artificial avoidance of permanent establishment status. The request is part of the OECD’s work for the G20
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