OECD 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
See MoreOECD: 9th Meeting of Forum on Tax Administration took place in Dublin
The 9th Meeting of the Forum on Tax Administration (FTA) took place in Dublin on 23-24 October 2014 in Dublin, Ireland. Nearly forty delegations, including international and regional tax organizations, participated in the Ninth Meeting of the OECD
See MoreMemorandum of understanding between Ukraine and OECD signed
The OECD and Ukraine signed a memorandum of understanding (MoU) on 7 October 2014 to help Ukraine's efforts to tackle corruption, strengthen its tax system and promote competitiveness. The Memo determines priority areas and cooperation forms for
See MoreOECD: Released a Roadmap to support developing countries in implementing the new global standard for the automatic exchange of tax information.
The Organization for Economic Co-operation and Development (OECD) released on September 22, 2014, goals to support developing countries in executing the new global standard for the automatic exchange of tax information. Finance Ministers of the
See MoreOECD: Published report on guidance on transfer pricing features of intangibles
The OECD recently released the report on Action 8 of the Action Plan on 16 September 2014 which is based on Erosion and Profit Shifting (AP-BEPS). The details report comprises guidance on the Transfer Pricing aspects of intangibles. It covers final
See MoreOECD: proposes changes to international corporate tax rules
The OECD proposals aim to ensure that corporate profits are taxed where economic activities generating the profits are performed and where value is created. Among the recommendations are changes to the practice of transfer pricing, particularly for
See MoreOECD: released its first recommendations under BEPS project
The OECD released its first recommendations on 16 September 2014, for a coordinated international approach to combat tax avoidance by multinational enterprises under Action Plan on Base Erosion and Profit Shifting. The recommendations provide the
See MoreOECD Urges Spain To Reduce Tax Exemptions
The Organization for Economic Cooperation and Development (OECD) has advised Spain to further broaden its corporate tax base, reduce the rate and withdraw special regimes for small and medium-sized enterprises (SMEs). In June this year the Spanish
See MoreOECD: Global Forum released new compliance ratings on tax transparency for 10 jurisdictions
The Global Forum on Transparency and Exchange of Information for Tax Purposes published a review reports on 4th August 2014, demonstrating progress toward implementation of the international standard for exchange of information on request. The
See MoreOECD: releases public request for input on BEPS Action 11
The OECD released a public request for input on the base erosion and profit shifting (BEPS) action plan Action 11 on 4th August 2014. Action 11 aims to establish methodologies to collect and analyse data on BEPS.: Action 11 aims to develop
See MoreOECD: Released Global Standard for Automatic Exchange of Tax Information
Recently, the Organization for Economic Cooperation and Development has released the full version of the OECD’s new standard for the automatic exchange of tax information across different countries. Under the Standard for Automatic Exchange of
See MoreOECD – Approved updated 2014 model tax convention
The OECD (Organization for Economic Co-operation and Development) recently declared that the OECD Council has approved 2014 update to the OECD Model Tax Convention, scheduled to be published in the next few months. The 2014 Update brings following
See MoreCyprus signs the OECD Convention on Mutual Administrative Assistance in Tax Matters
Cyprus signed the CoE-OECD Convention on Mutual Administrative Assistance in Tax Matters and its Protocol on 10 July 2014. The Convention was developed jointly by the OECD and the Council of Europe in 1988 and amended by Protocol in 2010. The
See MoreOECD: BEPS project update with developments of Asian countries
In order to stop tax avoidance and evasion Asian countries are actively taking part with the Organization for Economic Cooperation and Development (OECD)’s plan. The OECD’s Action Plan is far reaching and will help support local Asian
See MoreOECD agrees with US tax reform
The Organization for Economic Cooperation and Development's (OECD) chimes in on US tax reform. OECD’s Secretary-General Angel Gurría presented the latest economic survey of the United States which identifies some tax-based reforms required to
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