OECD publishes latest study on consumption tax trends
The latest edition of the OECD study on consumption tax trends has been published. The OECD study covers the general taxes on goods and services such as VAT and sales tax plus the taxes on specific goods and services such as insurance premium tax,
See MoreOECD publishes comments received on VAT/GST guidelines
On 24 February 2015 the OECD published on its website the comments received on its consultation document on aspects of the International VAT/GST Guidelines. Almost fifty responses were received from professional firms, trade and professional bodies
See MoreOECD makes recommendations to Italy on tax policy
The OECD Economic Survey of Italy released on 19 February 2015 notes that Italy is undertaking ambitious reforms to increase economic growth. In the past reform projects have not reached full implementation but this time Italy is reforming the
See MoreOECD holds a public discussion on BEPS action 4
On 17 February 2015 a public consultation was held on Action 4 of the OECD/G20 action plan on base erosion and profit shifting (BEPS). This action aims to limit base erosion and profit shifting that takes place through interest and other financial
See MoreOECD holds webcast to provide updates on the BEPS project
On 12 February 2015 the OECD held a webcast to update interested parties on the progress made in the action plan on base erosion and profit shifting (BEPS). The OECD and G20 countries have agreed on three elements that will enable implementation of
See MoreOECD publishes comments received on limiting base erosion through financial payments
On 11 February 2015 the OECD published on its website comments received from interested parties in respect of the discussion draft on interest deductions and other financial payments, corresponding to action 4 of the OECD/G20 action plan on base
See MoreOECD publishes comments received on transfer pricing aspects of commodity transactions
The OECD has published on its website comments received on the discussion draft on the transfer pricing aspects of cross border commodity transactions. This was issued as part of the response to action 10 of the base erosion and profit shifting
See MoreOECD publishes comments received on discussion draft on use of the profit split method
On 10 February 2015 the OECD published on its website comments received in response to the discussion draft issued on 16 December 2014 on profit splits in the context of global value chains. One consequence of the ever greater integration of MNEs
See MoreOECD publishes comments received on draft changes to the transfer pricing guidelines
On 10 February 2015 the OECD published comments received in respect of the discussion draft on changes to the OECD guidelines and other special measures that could be taken in respect of transfer pricing issues raised by actions 8, 9 and 10 of the
See MoreOECD to present BEPS action plan developments to the G20 Finance Ministers
The OECD is to give a presentation on the project on base erosion and profit shifting (BEPS) to the G20 Finance Ministers when they meet on 9 and 10 February 2015. The OECD has agreed with the G20 countries on three important elements that will move
See MoreAnnual Conference of the Green Growth Knowledge Platform
The third annual conference of the Green Growth Knowledge Platform was held on 29 to 30 January 2015 with the theme Fiscal Policies and the Green Economy Transition: Generating Knowledge – Creating Impact”. Topics discussed at the conference
See MoreOECD Holds Public Discussion on Dispute Resolution Mechanisms
On 23 January 2015 the OECD held a public discussion on action 14 of the base erosion and profit shifting (BEPS) action plan on how to make dispute resolution mechanisms more effective. The Chair of the Focus Group on Dispute Resolution presented to
See MoreOECD Holds Public Meeting on the Prevention of Treaty Abuse
On 22 January 2015 the OECD held a public consultation meeting to discuss the base erosion and profit shifting (BEPS) action 6 on the prevention of tax treaty abuse. The issue as presented in the OECD’s discussion draft on this issue and the
See MoreOECD holds public consultation on preventing the artificial avoidance of PE status
On 21 January 2015 the OECD held a public consultation on the artificial avoidance of permanent establishment (PE) status. This is action 7 of the action plan on base erosion and profit shifting (BEPS). The OECD Model tax treaty permits the host
See MoreOECD Publishes Comments on Transfer Pricing for Low Value Adding Intragroup Services
Intragroup services would include centralized services such as administration, accounting, legal, computer, staff matters and training, which are all considered to be intragroup services. Arm’s length charge Having determined that the services
See MoreOECD publishes comments on prevention of artificial avoidance of PE status
On 13 January 2015 the OECD published on its website the comments received from interested parties on the discussion draft in respect of Action 7 of the action plan on base erosion and profit shifting (BEPS). This concerns prevention of artificial
See MoreOECD publishes comments received on restriction of treaty benefits
On 13 January 2015 the OECD published on its website the comments received from interested parties on Action 6 of the action plan on base erosion and profit shifting (BEPS). This concerns the prevention of tax treaty abuse and involves developing
See MoreSingapore: New Revised Transfer Pricing Guidelines for 2015
The Inland Revenue Authority of Singapore (IRAS) publishes revised transfer pricing (TP) guidelines on 6 January 2015. The 2015 TP Guidelines are generally in line with the OECD Transfer Pricing Guidelines (2010) as well as some relevant areas of
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