OECD: International VAT and GST Guidelines
Recently, The Organization for Economic Co-Operation and Development publish their latest global VAT and GST Guidelines which emanates from the OECD’s Committee on Fiscal Affairs. They also and sets the consumption tax model for countries around
See MoreSwitzerland and Singapore sign OECD agreement against tax evasion though banking secrecy
Forty seven countries participated in the Declaration on Automatic Exchange of Information in Tax Matters, adopted by the OECD on 6 May 2014. These countries included Switzerland and Singapore, two financial centers that have in the past been
See MoreOECD: Lower Labor Taxes Would Benefit Germany
In a published survey on Germany the OECD has suggested that the tax on labor could be cut while social security contributions could also be decreased for those on low incomes. This could promote growth, but currently Germany is too reliant on taxes
See MoreGermany: OECD Report Suggests Lower Labor Taxes
The Organisation for Economic Co-operation and Development (OECD) has stressed the need for Germany to implement economic reforms to achieve sustainable growth. The priorities include making the tax system more equitable and environmentally
See MoreOECD – Public consultation on transfer pricing documentation, country-by-country reporting
The Organization for Economic Co-operation and Development (OECD) has announced that a public consultation will take place 19 May 2014, for further consideration of transfer pricing documentation and country-by-country reporting. This follows the
See MoreOECD Suggests Reforms to Increase Tax Contribution of Top Earners
A recent OECD report highlights the differences in income between the highest earners in the world and the rest of the population, and puts forward proposals tax reforms that could reverse the trend. Most OECD countries have reduced their top rates
See MoreJapan – Possible BEPS-related implications under foreign dividend exclusion rule
In Japan the Cabinet Office has published a discussion paper setting out current tax issues for consultation. This paper concerns the developments in respect of base erosion and profit shifting (BEPS) and the implications of the issues for the
See MoreAutomatic exchange of tax information between G5 and partners will begin in 2017
The finance ministers of the five largest economies of Europe committed last year to arrange for the automatic exchange of tax information between them. The ministers have now confirmed that the implementation of this project is to commence from
See MoreOECD: Issues Latest Tax Transparency Ratings
Twelve new reports have been issued by the OECD’s Global Forum, emphasizing measures that need to be taken by jurisdictions to reach the required international standard for the exchange of tax information. The “Global Forum on transparency and
See MoreOECD – Transfer pricing documentation and country-by-country reporting consultation
The OECD is holding a consultation on 19 May 2014 to consider transfer pricing documentation and country-by-country reporting. This follows the publication of a discussion draft in relation to the BEPS (base erosion and profiting shifting) Action
See MoreOECD – Personal Tax Burden Slightly Higher in OECD countries
As governments in industrialized countries are still dealing with the consequences of the financial crisis it is not surprising that the individual income tax burden has risen according to the latest survey. As outlined in the publication Taxing
See MoreOECD official suggests alternatives to arm’s length standard may be needed
As part of the action plan on base erosion and profit shifting consideration is being given to ways to improve the transfer pricing rules. According to an official of the Organization for Economic Cooperation and Development (OECD), the arm’s
See MoreOECD – VAT guidelines for cross-border trade approved
The Organization for Economic Co-operation and Development (OECD) has indicated that 86 countries have signed up to the new set of OECD guidelines relating to value added tax (VAT) or goods and services tax (GST) regulations. The guidelines cover
See MoreOECD releases discussion drafts on hybrid mismatch arrangements
On 19 March 2014, the Organization for Economic Cooperation and Development (OECD) published for consultation two Public Discussion Drafts in relation to Action 2 on hybrid mismatch arrangements under the Action Plan on Base Erosion and Profit
See MoreOECD releases discussion draft on tax challenges of the digital economy
On 24 March 2014, the Organization for Economic Cooperation and Development (OECD) published a discussion draft relating to addressing the tax challenges of the digital economy. This is Action 1 of the Action Plan on Base Erosion and Profit Shifting
See MoreOECD – Update on transfer pricing documentation
The OECD’s Centre for Tax Policy and Administration held a webcast on 2 April 2014 at which an update was provided on the progress of aspects of the action plan on base erosion and profit shifting (BEPS). The update covers the issues of transfer
See MoreOECD – New Information Exchange Standard Gains Support
The European Council has encouraged some European countries to move quickly to make a commitment to the global standard for automatic tax information exchange. These countries are to implement the standard at an early stage. Also, Austria and
See MoreOECD – Digital Economy Review May Hit Ireland Hardest
As part of the action plan on base erosion and profit shifting (BEPS) the OECD has produced a discussion draft on the tax consequences of the digital economy. The professional body Chartered Accountants Ireland has suggested that the proposed
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