OECD report on automatic information exchange
Following an emphasis on information exchange on request and the commencement of peer reviews by the OECD Global Forum on Tax Transparency and Information Exchange, the exchange of tax information is being taken to a further level with the
See MoreOECD: Revised Section E on Safe Harbours
The Organisation for Economic Co-operation and Development (OECD) Council approved the Revised Section E on safe Harbours in Chapter IV of the Transfer Pricing Guidelines, on 16th May 2013. The Revised Section E (Section E) contains only nine pages,
See MoreOECD: Draft Handbook on Transfer Pricing Risk Assessment
The Steering Committee of the OECD Global Forum on Transfer Pricing undertook a project on transfer pricing risk assessment in November 2011. The objective of that project was to produce a practical handbook for providing clear and detailed steps
See MoreOECD report on Tax Administration for 2013
The document Tax Administration 2013 has been issued by the OECD Centre for Tax Policy and Administration. This report includes statistics on tax administration from 52 tax administrations covering advanced and emerging economies. The document is
See MoreOECD Approves Changes to Transfer Pricing Guidelines on Safe Harbours
The OECD has approved the amended section of the OECD transfer pricing guidelines concerning safe harbours. The draft revised guidelines developed by the OECD were initially published for public consultation in June 2012. Following the receipt of
See MoreOECD releases draft handbook on transfer pricing risk assessment
The OECD has released for comment a draft handbook in respect of transfer pricing risk assessment. This is intended to be a practical resource for tax administrations to follow in developing a risk assessment approach to transfer pricing issues.
See MoreOECD: report prepared for G20 on fighting tax evasion
The OECD has prepared a report for the G20 Finance Ministers and Central Bank Governors on international measures being taken to ensure that taxpayers pay the correct amount of tax. These measures include the work of the Global Forum on Transparency
See MoreUK: supplementary report by the Global Forum’s Peer Review Group
A supplementary report has been issued further to the combined Phase 1-2 report issued by the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes in September 2011. Since that date the UK has sent a follow up report to
See MoreOECD: Global Forum moves to Phase 2 peer reviews
The OECD’s “Global Forum on transparency and information exchange for tax purposes” has a three year mandate to ensure the implementation of tax transparency standards by conducting “peer reviews” of its member countries and of other
See MoreOECD publishes mutual agreement procedure statistics for 2011
The OECD has made available the statistics for 2011 in respect of the mutual agreement procedure (MAP) in its member countries. The statistics were provided to the OECD by member countries and by Argentina and South Africa which are not currently
See MoreOECD: study of taxation of wages
The OECD Centre for Tax Policy and Administration has published as a Taxation Working Paper a study entitled: “The average personal income tax rate and tax wedge progression in OECD countries”. The tax wedge could be defined as the difference
See MoreOECD: Aggressive tax planning schemes based on after-tax hedging
On 13 March 2013 the OECD released a report entitled “Aggressive Tax Planning Based on After-Tax Hedging”. This report uses information on aggressive tax avoidance schemes submitted to the OECD Directory on Aggressive Tax Planning and looks at
See MoreOECD: report on aid modalities for strengthening tax systems
An OECD report entitled “Tax and development: aid modalities for strengthening tax systems” was published on 11 March 2013. This is a result of work by the OECD’s Informal Task Force on Tax and Development, which incorporates the expertise of
See MoreOECD: report on tax evasion through electronic sales suppression
In both electronic and manual accounting systems the arrangements for recording cash received at the point of sale are important for ensuring that all sales made and cash received are correctly recorded. Much attention has been given to manual
See MoreOECD: Treaty Relief and Compliance Enhancement (TRACE) system released
In 2006 the OECD’s Committee on Fiscal Affairs and the Business and Industry Advisory Committee (BIAC) set up an informal consultative group of government and business experts to work on improving the process by which portfolio investors may gain
See MoreOECD invites comments on the draft International VAT Guidelines
The OECD has issued a draft consolidated version of the international VAT/GST Guidelines with an invitation for public comment on four new draft elements of the Guidelines. The new elements are a preface to the Guidelines; the core features of VAT
See MoreOECD publishes comments on the revised discussion draft on beneficial ownership
The OECD has published the comments received from interested parties on its revised proposals in respect of the meaning of “beneficial ownership” for the purposes of Articles 10 to 12 of the OECD Model Tax Convention. The comments relate to the
See MoreOECD issues report on base erosion and profit shifting
A report on base erosion and profit shifting (BEPS) commissioned by the G-20 has been published by the Organization for Economic Cooperation and Development (OECD). The report has already been considered by the G-20 at its mid-February meeting. The
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