OECD addresses the misuse of residence/citizenship by investment schemes

The revelations on 19 April 2018 from the "Daphne Project" on the Maltese residence and citizenship by investment schemes underline the crucial importance of the OECD's work to ensure that the integrity of the OECD/G20 Common Reporting Standard (CRS) is preserved and that any circumvention is detected and addressed, according to the OECD in a ...
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OECD and IGF invite comments on a draft practice note that will help developing countries address profit shifting from their mining sectors via excessive interest deductions

For many resource-rich developing countries, mineral resources present an unparalleled economic opportunity to increase government revenue. Tax base erosion and profit shifting (BEPS), combined with gaps in the capabilities of tax authorities in developing countries, threaten this prospect. One of the avenues for international profit shifting by multinational enterprises is the use of excessive interest ...
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Ontwerplandsverordening aanvullende documentatieverplichtingen verrekenprijzen: aanpassing definitie uiteindelijk gerechtigde, aanlevering informatie en instelling UBO-register

Samenvatting zaak Op 20 maart 2018 is de ontwerplandsverordening tot wijziging van de Landsverordening op de Winstbelasting 1940, de Algemene landsverordening Landsbelastingen en de Landsverordening internationale bijstandverlening bij de heffing van belastingen (Landsverordening houdende aanvullende documentatieverplichtingen verrekenprijzen) (Zittingsjaar 2017-2018-123) (hierna: de ontwerplandsverordening) ter goedkeuring aangeboden aan de Staten van Curaçao. In een artikel in het ...
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Ontwerplandsverordening aanvullende documentatieverplichtingen verrekenprijzen: gestandaardiseerde documentatieverplichtingen

Op 20 maart 2018 is de ontwerplandsverordening tot wijziging van de Landsverordening op de Winstbelasting 1940, de Algemene landsverordening Landsbelastingen en de Landsverordening internationale bijstandverlening bij de heffing van belastingen (Landsverordening houdende aanvullende documentatieverplichtingen verrekenprijzen) (Zittingsjaar 2017-2018-123) (hierna: de ontwerplandsverordening) ter goedkeuring aangeboden aan de Staten van Curaçao. In een artikel in het CFN van ...
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Better design of taxes on personal savings and wealth is needed to support inclusive growth

The taxation of personal savings and wealth varies widely, offering governments significant scope for tax reforms that simultaneously improve both the efficiency and fairness of their tax systems, according to two new OECD reports as the OECD announced on 12 April 2018 in a press release. The reports – Taxation of Household Savings and The Role and Design ...
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OECD releases 14 additional country profiles containing key aspects of transfer pricing legislation

The OECD has published new transfer pricing country profiles for Australia, China (People’s Republic of), Estonia, France, Georgia, Hungary, India, Israel, Liechtenstein, Norway, Poland, Portugal, Sweden and Uruguay respectively, according to a press release on the website of the OECD.  These new profiles reflect the current transfer pricing legislation and practices of each country. The ...
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Nieuwe ministeriële beschikking rulingpraktijk

In het kader van de internationale verplichtingen van het Land heeft de Minister van Financiën het wenselijk geacht nieuwe kaders vast te stellen om te bewerkstelligen dat de rulingpraktijk efficiënter alsmede effectiever kan functioneren. Deze kaders heeft de Minister vastgelegd in een nieuwe Ministeriële beschikking rulingpraktijk van 7 maart 2018. De ministeriële beschikking is op ...
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Global Forum issues tax transparency compliance ratings for nine jurisdictions as membership rises to 150

On 4 April 2018, the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published nine peer review reports assessing compliance with international standards on tax transparency, according to a press release dated 4 April 2018 on the website of the OECD. Eight of these reports assess countries against the updated standards ...
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Global network for the automatic exchange of offshore account information continues to grow; OECD releases new edition of the CRS Implementation Handbook

Yesterday, 5 April 2018, the OECD published a new set of bilateral exchange relationships established under the Common Reporting Standard Multilateral Competent Authority Agreement (CRS MCAA) which for the first time includes activations by Panama. This was announced in a press release published on the website of the OECD. In total, there are now over 2700 ...
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OECD Secretary-General Report to the G20 Finance Ministers and Central Bank Governors. Update on the Progress Report of the Global Forum includes Aruba, Curaçao and Sint Maarten

The OECD has published the OECD Secretary-General Report to the G20 Finance Ministers and Central Bank Governors, for their meeting in Buenos Aires, Argentina. The report contains two parts. Part I is a report on the activities and achievements of the OECD’s tax agenda, and is made of two subparts: looking back at significant achievements ...
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OECD releases consultation document on misuse of residence by investment schemes to circumvent the Common Reporting Standard

The OECD is releasing a consultation document on misuse of residence by investment schemes, to circumvent the Common Reporting Standard, according to an announcement dated 19 February 2018 on the website of the OECD. In said announcement, the OECD informs as follows. More and more jurisdictions are offering "residence by investment" (RBI) or "citizenship by ...
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Governments should make better use of energy taxation to address climate change

Taxes are effective at cutting harmful emissions from energy use, but governments could make better use of them. Greater reliance on energy taxation is needed to strengthen efforts to tackle the principal source of both greenhouse gas emissions and air pollution, according to a new OECD report “Taxing Energy Use 2018: Companion to the Taxing ...
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OECD announces further developments in BEPS implementation

The Inclusive Framework on BEPS has released additional guidance to give certainty to tax administrations and MNE Groups alike on the implementation of Country-by-Country (CbC) reporting (BEPS Action 13). The Inclusive Framework also approved updates to the results for preferential regime reviews conducted by the Forum on Harmful Tax Practices (FHTP) in connection with BEPS ...
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OECD to release report Taxing Energy Use 2018

The OECD has announced the publication of its report Taxing Energy Use 2018 on February 14, 2018. For more information, click here to go to the announcement referred to above as published on the website of the OECD. CFN-artikelnr. 20180209-9 BRONDOCUMENT BRON: www.oecd.org Land/gebiedsdeel: OECD Betreft: OECD, energy use, taxing energy use Regeling: OECD report ...
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Public comments received on new tax rules requiring disclosure of CRS avoidance arrangements and offshore structures

On 11 December 2017, interested parties were invited to provide comments on a discussion draft on model mandatory disclosure rules. The model rules are intended to target promoters and service providers with a material involvement in the design, marketing or implementation of CRS avoidance arrangements or offshore structures. The proposed rules would require such intermediaries to disclose information ...
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