OECD: Discussion draft on treaty residence of pension funds
On 29 February 2016 the OECD issued a discussion draft on the tax treaty residence of pension funds. Changes are to be made to the OECD Model to ensure that a recognized pension fund is treated for the purpose of the tax treaty as resident in the
See MoreOECD: Multilateral Competent Authority Agreement for exchange of CbC reports
On 27 January 2016 thirty-one countries signed a Multilateral Competent Authority Agreement for the automatic exchange of Country by Country (CbC) reports. The Agreement will facilitate speedy implementation of the CbC reporting requirement as set
See MoreOECD: Revenue Statistics Show Falling Corporate Tax Revenues
The OECD’s annual publication Revenue Statistics was published on 3 December 2015. The publication shows that since the financial crisis corporate tax revenues have been falling in the OECD countries. The statistics show that corporate income tax
See MoreOECD: Institutions of Intergovernmental Fiscal Relations
A new publication in the series of OECD Fiscal Federalism Studies was issued on 18 November 2015 dealing with institutions of intergovernmental fiscal relations. These are the institutions that provide the framework for relations across different
See MoreOECD: Mutual Agreement Procedure Statistics for 2014
On 24 November 2015 the OECD released the statistics on the Mutual Agreement Procedure (MAP) for the 2014 reporting period. For OECD countries there were 2,266 new MAP cases in 2014. The inventory of MAP cases at the end of the reporting period was
See MoreG20 leaders approve final BEPS package
The leaders of the G20 group of countries approved the final package of measures to combat base erosion and profit shifting (BEPS) at their meeting on 15 and 16 November 2015. The BEPS package is based on the fifteen action points addressed by the
See MoreOECD: Harmonizing revenue statistics
Representatives of thirteen Asian Finance Ministries and tax administrations met on 14 and 15 October 2015 to consider a framework to increase the comparability of revenue statistics. The countries involved in the meeting were Cambodia, China,
See MoreOECD: Asia Pacific Regional Meeting on BEPS
An Asia Pacific regional meeting was held on 11 and 12 November 2015 to discuss the outcomes of the project on base erosion and profit shifting (BEPS) and their significance for the countries of the region. Representatives of seventeen regional
See MoreOECD: BEPS Package approved by G20 Finance Ministers
The G20 Finance Ministers at their meeting of 8 October 2015 gave strong support to the final package of measures produced by the OECD action plan on base erosion and profit shifting (BEPS). They repeated their commitment to a rapid and consistent
See MoreOECD announces final package of BEPS measures
On 5 October 2015 the OECD presented the final package of measures resulting from the action plan on base erosion and profit shifting (BEPS). The package of measures based on the fifteen action points is to be presented to the G20 Finance Ministers
See MoreOECD to release final BEPS package on 5 October 2015
The OECD has announced that it is to release the final package of measures to tackle base erosion and profit shifting (BEPS) on 5 October 2015. The final package will result from the BEPS action plan which set out 15 actions targeting key areas in
See MoreOECD: Improving cooperation between tax and money laundering authorities
On 18 September 2015 the OECD launched a report dealing with the issue of access by tax administrations to information held by government units dealing with financial intelligence. This publication looks at measures to increase a whole of government
See MoreOECD Issues Policy Framework for Investment
The 2015 edition of the OECD publication Policy Framework for Investment published on the OECD on its website on 14 September 2015 provides guidance on improving the environment for investment in a number of fields of policy. The publication
See MoreOECD: Taxation of Small and Medium Enterprises
The OECD has issued a publication on the taxation of small and medium enterprises (SMEs) in OECD and G20 countries. The report examines tax policy and administration in relation to SMEs, noting that these firms generally represent more than 95% of
See MoreWTO Public Forum to discuss how to make trade work
The World Trade Organisation (WTO) Public Forum for 2015 is to be held from 30 September to 2 October 2015. The Forum will include a high-level plenary debate on “Making Trade Work More Inclusively” looking at the contribution of trade to
See MoreOECD Issues Tax Administration Report for 2015
The OECD issued the Tax Administration 2015 report on 11 August 2015. This report contains data from a survey of 56 tax administrations in industrialized and emerging economies and analyses the latest trends and best practice within tax
See MoreOECD issues new guidance on disclosure requirements and information exchange
On 7 August 2015 the OECD issued three guidance documents for tax administrations to help them in their fight against tax evasion. These are the Common Reporting Standard Implementation Handbook; a second edition of the Offshore Voluntary
See MoreOECD publishes analysis of taxes on energy use
On 25 June 2015 the OECD published “Taxing Energy 2015 – OECD and Selected Partner Economies”. This analyses energy use in the 34 OECD countries and in Argentina, Brazil, China, India, Indonesia, Russia and South Africa. For the purpose of the
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