OECD issues progress report on BEPS project
The OECD held a webcast on 8 June 2015 to provide another update on progress on the action plan on base erosion and profit shifting (BEPS). Roadmap to delivery A roadmap was provided for delivery of the project. The working parties are currently
See MoreOECD/ G20 action plan on BEPS supported by G7 summit
The Leaders’ Declaration issued at the end of the G7 summit on 8 June 2015 reaffirmed the commitment of the G7 leaders to finalizing the recommendations of the OECD/ G20 action plan on base erosion and profit shifting (BEPS) by the end of 2015.
See MoreOECD issues implementation package on country by country reporting
On 8 June 2015 the OECD released a package of measures for implementing the country by country reporting plan proposed as part of the OECD/ G20 action plan on base erosion and profit shifting (BEPS). This package is issued as part of Action 13 of
See MoreOECD issues discussion draft on transfer pricing for hard-to-value intangibles
On 4 June 2015 the OECD issued a further discussion draft in connection with Action 8 of the action plan on base erosion and profit shifting (BEPS). Action 8 is concerned with assuring that transfer pricing outcomes for intangibles are in line with
See MoreOECD: Seven more countries agree to automatic exchange of information
Seven more countries have agreed to sign up to the OECD/G20 standard on the exchange of tax information. The latest countries to join are Australia, Canada, Chile, Costa Rica, India, Indonesia and New Zealand. A total of 61 jurisdictions have now
See MoreOECD Publishes Economic Survey of Slovenia for 2015
The OECD has published its Economic Survey of Slovenia for 2015. The survey notes that in pursuit of fiscal consolidation Slovenia has increased value added tax (VAT) and raised excise duties on alcohol, tobacco and fuel. The automatic indexation of
See MoreOECD Convenes Group to Develop Multilateral Instrument
The OECD announced on 28 May 2015 that it has begun work on developing a Multilateral Instrument that will implement the tax treaty-related output of the OECD/ G20 action plan on base erosion and profit shifting (BEPS). An ad hoc group has been
See MoreOECD issues new discussion draft on prevention of treaty abuse
On 22 May 2015 the OECD issued a new discussion draft on Action 6 of the action plan on base erosion and profit shifting (BEPS) dealing with the issue of preventing tax treaty abuse. This follows the release of a previous discussion draft on this
See MoreOECD publishes comments received on BEPS action 11
On 13 May 2015 the OECD published on its website comments received on the discussion draft on base erosion and profit shifting (BEPS) action plan Action 11 (Improving the analysis of BEPS). Comments were received from 20 organizations and
See MoreOECD releases new discussion draft under BEPS action 7 on permanent establishments
On 15 May 2015 the OECD published a new discussion draft on action 7 of the action plan on base erosion and profit shifting (BEPS). Action 7 is concerned with changing the definition of a permanent establishment (PE) in the model treaty to prevent
See MoreOECD Proposes Threshold for MNEs to File Country-By-Country (CbC) Report
The OECD has confirmed that all multinational enterprises (MNEs) should be required to file the Country-by-Country (CbC) report every year. MNEs with annual consolidated revenues in the immediately preceding fiscal year of less than €750 million
See MoreOECD releases discussion draft on cost contribution arrangements
On 29 April 2015 the OECD released a discussion draft on cost contribution arrangements. The draft is part of action 8 of the OECD/G20 action plan on base erosion and profit shifting (BEPS) aiming to ensure that transfer pricing outcomes are in line
See MoreOECD: Further BEPS discussion drafts planned for May 2015
Further discussion drafts are to be issued in May 2015 as part of the OECD/G20 action plan on base erosion and profit shifting (BEPS). A discussion draft on cost contribution arrangements is planned for around the end of April 2015. This is part of
See MoreOECD releases discussion draft on improving the analysis of BEPS
On 16 April 2015 the OECD released a discussion draft on improving the analysis of base erosion and profit shifting (BEPS) actions. This relates to action 11 of the BEPS action plan that concerns improving the availability and analysis of data on
See MoreUS: The Department of Treasury announces plans to implement country-by-country (CbC) reporting
The US Treasury Department has announced plans to implement a country-by-country (CbC) reporting requirement starting for fiscal years beginning in 2016 as set out in the guidance issued by the Organization for Economic Cooperation and Development
See MoreOECD Releases Taxing Wages 2015
The latest OECD report Taxing Wages 2015 shows that the taxation of wages rose slightly for workers in the countries of the OECD between the years 2010 and 2014. Most of the countries have not raised their rates of income taxation but the increase
See MoreOECD releases discussion draft on CFC rules
Action 3 of the OECD/G20 action plan on base erosion and profit shifting (BEPS) is concerned with taking action on controlled foreign company (CFC) rules. These rules benefit the country of the ultimate parent of a group by subjecting more profits
See MoreOECD releases discussion draft on mandatory disclosure rules
On 31 March 2015 the OECD released a discussion draft in respect of Action 12 of the action plan on base erosion and profit shifting (BEPS). Action 12 calls for disclosure initiatives to deal with the lack of relevant information for tax
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