OECD Releases Discussion Draft on Revisions to Transfer Pricing Guidelines
A discussion draft was released by the OECD on 19 December 2014 setting out revisions to the OECD transfer pricing guidelines as a result of actions 8, 9 and 10 of the action plan on base erosion and profit shifting. These actions are quite closely
See MoreOECD Publishes Discussion Drafts on VAT and BEPS Issues
On 18 December 2014 the OECD published discussion drafts on the international VAT/GST guidance and on aspects of the action plan on base erosion and profit shifting. A discussion draft has been released on two new elements of the OECD International
See MoreOECD: Developing countries discuss BEPS
A workshop held by representatives of a number of developing countries on 10 and 11 December 2014 looked at ways to gain maximum benefit from participation by developing countries in the OECD action plan on base erosion and profit shifting (BEPS).
See MoreOECD Publishes Information on Revenue Statistics for 2014
The Revenue Statistics for 2014 published by the OECD on 10 December 2014 show that tax revenue collection in the member countries of the OECD has risen back towards the levels prevailing before the financial crisis. The composition of the tax
See MoreOECD : Discussion Draft on Prevention of Treaty Benefits
On 21 November 2014 the OECD released a discussion draft in respect of follow-up work on Action 6 of the action plan on base erosion and profit shifting (BEPS) in respect of preventing the granting of tax treaty benefits in certain circumstances.
See MoreOECD Releases Mutual Agreement Procedure Statistics for 2013
The OECD Model Tax Convention includes a provision for a mutual agreement procedure (MAP) in Article 25. Under this procedure the competent authorities of the two contracting states are required to endeavor to reach agreement to resolve issues that
See MoreOECD: Discussion Draft on Low Value-Adding Services
The OECD issued a discussion draft on 3 November 2014 in connection with Action 10 of the BEPS project. This relates to modifications to the OECD Transfer Pricing Guidelines in respect of low value adding intra-group services. The discussion draft
See MoreOECD Strategy for Developing Country Involvement in BEPS
The OECD/G20 project on base erosion and profit shifting is important not just to developed countries but to the developing countries which rely on corporate income tax collected from large companies, including multinationals, to fund their
See MoreOECD Report Examines Tax Debt Management
The OECD Forum on Tax Administration (FTA) has published a study entitled “Working Smarter in Tax Debt Management” to provide a picture of the most effective approaches to tax collection and recovery. The study appears at a time when tax debts
See MoreOECD: Report on Increasing Taxpayer Use of Self Service Channels
The efficiency of tax administration can increase if there is improved management of requests by taxpayers for support and advice. Following two previous studies on the improvement of service demand the OECD's Forum on Tax Administration requested
See MoreTax Administration Leaders Discuss Concerted Action to Deal With Global Challenges
On 23 and 24 October 2014 the heads of tax administrations convened for the ninth meeting of the OECD Forum on Tax Administration (FTA). Delegations from around forty tax administrations discussed the implications of the project on base erosion and
See MoreOECD: Measures of Tax Compliance Outcomes
The OECD's Forum on Tax Administration (FTA) has put together a report entitled: “Measures of Tax Compliance Outcomes: A Practical Guide”. Tax Administrations are concerned with outcomes such as collecting the right amount of tax, improving
See MoreGlobal Forum Publishes Peer Reviews
The Global Forum on Transparency and Exchange of Information for Tax Purposes has published reports on Phase 2 peer reviews of Belize, Ghana, Gibraltar, Grenada, Israel, the Russian Federation and St Vincent and the Grenadines. The reports cover the
See MoreCountries Sign Up to OECD Standard on Exchange of Information
According to an OECD press release on 29 October 2014 all OECD and G20 member countries and major financial centers participating in the annual meeting of the OECD’s Global Forum have endorsed the OECD/G20 standard on automatic exchange of
See MoreOECD Report on Tax Compliance by Design
A new OECD report entitled “Tax Compliance by Design: Achieving Improved SME Tax Compliance by Adopting a System Perspective” was published on 24 October 2014. The report looks at how to improve SME compliance by making better use of the
See MoreOECD: Transfer pricing documentation – Country by Country Reporting
Action 13 of the action plan on Base Erosion and Profit Shifting (BEPS) is concerned with supplying the tax administration with sufficient information to allow them to assess transfer pricing risk. The guidance issued by the OECD in September 2014
See MoreOECD– Releases Comments on Discussion draft regarding “Transfer Pricing Comparability Data and Developing Countries”
The OECD invited comments on 6 June 2012 from interested parties on its Discussion Draft on Transfer Pricing Comparability Data and Developing Countries for proposed revisions to Chapter VI of the Transfer Pricing Guidelines. The OECD published the
See MoreOECD: Go into French Tax improvement Debate
The Organization for Economic Cooperation and Development (OECD) has recommended a number of direct tax reforms to build on the French Government's efforts to improve the nation's competitiveness in Europe. The report provides that the tax wedge
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