OECD 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
See MoreOECD: Meeting of Task Force on Tax and Development
On 18 March 2015 the OECD’s Task Force on Tax and Development met to consider the input resulting from regional network meetings on base erosion and profit shifting (BEPS). The meeting also considered capacity building support provided to
See MoreOECD holds public consultation on transfer pricing issues
On 19 and 20 March 2015 the OECD held a public consultation on transfer pricing matters arising from the action plan on base erosion and profit shifting. The first day of the conference dealt with the draft amendments and additions to Chapter 1 of
See MoreUK: Consultation on Hybrid Mismatch Arrangements
An issue that is ongoing but will not be included in the UK Finance Bill 2015 is the introduction of measures to combat hybrid mismatch arrangements. A consultation on the subject was announced in October 2014 and in December 2014 a consultation
See MoreOECD study on the distributional effects of consumption taxes
A study recently released by the OECD on the distributional effects of consumption taxes in OECD countries is a result of a joint venture between the OECD and the Korean Institute of Public Finance. Recent OECD research has shown that there are
See MoreOECD 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
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