G20

BEPS: Transfer Pricing Status Update

The Organisation for Economic Co-operation and Development (‘OECD’) held its final public consultation on Actions 8-10 (transfer pricing/'TP') of the Base Erosion and Profit Shifting (BEPS) project on 6 and 7 July 2015. The first day of meeting focused on...

Tax Incentives under Scrutiny

On 9 July 2015, the OECD released a discussion draft on options for low income countries' effective and efficient use of tax incentives for investment. This Discussion Draft is a result of the G20’s Development Working Group (DWG) who has...

MCAA – New Players in the Team

Strengthening the international community’s fight against offshore tax evasion: Australia, Canada, Chile, Costa Rica, India, Indonesia and New Zealand join multilateral agreement to automatically exchange information on 4 June 2015 Today marks another significant step in our collective pursuit to...

BEPS – Action 8: Hard-to-Value Intangibles

The OECD published its discussion draft  which deals with work in relation to Action 8 of the Action Plan on Base Erosion and Profit Shifting (BEPS) and focuses on arm’s length pricing of intangibles when valuation is highly uncertain at the...

EU: Could the CCCTB be the Answer?

Commissioner Moscovici highlighted the re-launch of a debate on the Common Consolidated Corporate Tax Base (CCCTB) on 29 April as a part of the EU Commission’s Action Plan. This Action Plan will build on 5 key actions, starting with the relaunch...

BEPS – Action 8: The Ball is in your Court

The OECD invited public comments on a Discussion Draft which deals with work in relation to Action 8 of the Action Plan on Base Erosion and Profit Shifting (BEPS) on 29 April. Action 8 covers the transfer pricing of intangibles...

BEPS- CFC

On 3 April, the OECD published a Discussion Paper on Action 3 (Strengthening CFC Rules) of the BEPS Action Plan focusing on develop recommendations regarding the design of controlled foreign company (CFC) rules. The Committee on Fiscal Affairs (CFA) invites interested...

BEPS – One Step Closer

The OECD has released a Discussion Draft on Action 12 (Mandatory Disclosure Rules) of the BEPS Action Plan on 31 March. The Action Plan calls for this work to be completed by September 2015 and the CFA invites interested parties to...

OECD: 85 Signatures and still Counting

Tax Transparency through information exchange is one of the most important and key items on the agenda nowadays. On 24 February 2015, Seychelles became the 85th signatory of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. The signing of...

BEPS: The Global Fight against Tax Avoidance Continues

On 9-10 February 2015, the OECD presented the latest developments in the OECD/G20 project to combat BEPS by multinational enterprises during a G20 Finance Ministers and Central Bank Governors’ meeting in Istanbul, Turkey. In their Communiqué, the G20 Ministers and...

BEPS Action 7 – More Questions than Answers

On 21 January, the OECD held a public discussion meeting on BEPS Action 7 focusing on preventing the artificial avoidance of permanent establishment (PE). Action 7 is one of the most discussed action points of the BEPS Action Plan and...

BEPS – The Oldest Trick in the Book

On 18 December, the OECD has invited public comments on a discussion draft which deals with action 4 (Interest deductions and other financial payments) of the BEPS Action Plan. The use of interest (and in particular related party interest) is...

BEPS: Keep Calm and Get Ready for Action 10

On 16 December, the OECD published two discussion drafts on Action 10 and has invited public comments on the transfer pricing aspects of cross-border commodity transactions and on the use of profit splits in the context of global value chains...

51 Signatures, 1 Agreement

Today, the Finance Ministers from 51 countries and jurisdictions have signed a Multilateral Competent Authority Agreement on the implementation of the Global Standard for the automatic exchange of financial account information. The signature of the Multilateral Convention on Mutual Administrative...

OECD seek to tackle global tax evasion

On 13th February 2014, the OECD presented their latest weapon in the attack of global tax avoidance. The new standard builds on specific country agreements and 2010 US FATCA provisions to drive greater transparency and disclosure. In essence the standard...