OECD and IGF received public comments on draft toolkit to support developing countries in addressing base erosion and profit shifting risks when pricing minerals (lithium)
The OECD and the IGF (the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development) received public comments on a draft toolkit to support developing countries in addressing base erosion and profit shifting risks when pricing minerals (lithium). This has been announced in a news release on the website of the OECD. On 6 November 2023, as part of the ongoing work of the OECD/IGF partnership on base erosion and ...
OECD and IGF invite comments on a draft toolkit to support developing countries in addressing base erosion and profit shifting risks when pricing minerals
As part of the ongoing work of the OECD/IGF partnership on BEPS in the mining programme, the OECD is seeking public comments on an additional toolkit that is designed to support developing countries in addressing the transfer pricing challenges faced when pricing minerals. The toolkit applies this transfer pricing framework as documented in Determining the Price of Minerals: A Transfer Pricing Framework to a specific mineral (lithium). This has been announced in a news ...
Revenue Statistics in Latin America and the Caribbean 2022: Tax revenues take a historic hit before showing early signs of recovery
Tax revenues in Latin America and the Caribbean (LAC) fell by 8.0% on average in nominal terms and by 0.8% as a share of GDP in 2020 because of the COVID-19 pandemic, according to the report ‘Revenue Statistics in Latin America and the Caribbean 2022’ released on Wednesday April 27, 2022 during the 56th General Assembly of the Inter-American Center of Tax Administrations (CIAT). However, the region’s economic recovery and ...
OECD-blog post: Building tax systems in developing countries is vital to overcoming COVID-19 and achieving the SDGs
Recently, a blog post by Ben Dickinson, Head of the Global Relations and Development Division, Centre for Tax Policy and Administration of the OECD, has been posted on the OECD-website: “Building tax systems in developing countries is vital to overcoming COVID-19 and achieving the SDGs”. CFN-bericht nr. 20200731-27 BRONDOCUMENT (link to the blog post on the website of the OECD) BRON: www.oecd.org Land/gebiedsdeel: Internationaal Betreft: internationaal belastingrecht, international taxation, OECD, ...
Latin America and the Caribbean: Tax revenue gains under threat amid deteriorating regional outlook
Tax revenues in Latin America and the Caribbean (LAC) increased to 23.1% of GDP on average in 2018, according to the new edition of Revenue Statistics in Latin America in the Caribbean published yesterday. However, these gains are now under threat as a result of the region’s deteriorating fiscal outlook, which has been exacerbated by the COVID-19 pandemic and the global economic crisis. The release was announced in a press release on ...
Blog-post ‘Consumption tax revenues under Covid-19: Lessons from the 2008 global financial crisis’ on the website of the OECD
On the website of the OECD a blog post ‘Consumption tax revenues under Covid-19: Lessons from the 2008 global financial crisis’ has been published. Author is Michelle Harding, senior economist and Head of the Tax Data and Statistical Analysis Unit at the OECD’s Centre for Tax Policy and Administration, co-authored by Hannah Simon, Junior Analyst at the OECD’s Centre for Tax Policy and Administration. The article is part of a series in ...
New OECD data provides a baseline for measuring the impact of COVID-19 on labour taxes
Labour taxes on the average worker across OECD countries continued to decline for the sixth consecutive year in 2019, according to a new OECD report. This was announced with a press release on the website of the OECD in guidance of the release of the report “Taxing Wages 2020”. From the press release: Taxing Wages 2020 shows that the “tax wedge” – total taxes on labour costs paid by employees ...
Use of digital technologies set to increase tax compliance
The eighth edition of the OECD's Tax Administration Series published ON 23 September 2019 shows how tax administrations are increasingly moving to e-administration and using a range of technology tools, data sources and analytics to increase tax compliance, according to a press release published on the website of the OECD. From the press release: Commenting on the report, Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration ...
OECD/G20 CbC Reporting Compilation of Peer Review Reports: key findings re Curaçao
The OECD has released the outcomes of the second phase of peer reviews of the BEPS Action 13 Country-by-Country (CbC) reporting initiative, demonstrating strong progress in continuing efforts to improve the taxation of multinational enterprises (MNEs) worldwide. This was announced in a press release published on the website of the OECD. The report also contains a paragraph regarding Curaçao. Curaçao – summary of key findings Curaçao was first reviewed during the ...
OECD/G20 CbC Reporting Compilation of Peer Review Reports: key findings re Aruba
The OECD has released the outcomes of the second phase of peer reviews of the BEPS Action 13 Country-by-Country (CbC) reporting initiative, demonstrating strong progress in continuing efforts to improve the taxation of multinational enterprises (MNEs) worldwide. This was announced in a press release published on the website of the OECD. The report also contains a paragraph regarding Aruba. Aruba – summary of key findings The key findings as summarized in ...
OECD/G20 Inclusive Framework on BEPS delivers tax transparency: Action 13 Country-by-Country reporting shows big progress
The OECD has released the outcomes of the second phase of peer reviews of the BEPS Action 13 Country-by-Country (CbC) reporting initiative, demonstrating strong progress in continuing efforts to improve the taxation of multinational enterprises (MNEs) worldwide. This was announced in a press release published on the website of the OECD. CbC reporting, one of the four minimum standards of the BEPS Project, requires tax administrations to collect and share detailed ...
Leading global tax administrations agree collective actions on tax certainty, co-operation and digital transformation
The Forum on Tax Administration (FTA), the 53 leading global tax administrations, met in Chile on 26-28 March and agreed an ambitious agenda focused on tax certainty, enhanced tax co-operation and the collective challenges of digital transformation, according to a press release on the website of the OECD. Hans Christian Holte, Chair of the FTA and Head of the Norwegian Tax Administration said, "FTA members collectively bring in over EUR ...
Latin America and the Caribbean: Public revenues rebound in 2017 after dip in 2016
The average tax-to-GDP ratio in Latin America and the Caribbean (LAC) rose to 22.8% in 2017, a gain of 0.2 percentage points from 2016, according to Revenue Statistics in Latin America and the Caribbean 2019. The report, launched on 25 March 2019 at the XXXI Regional Fiscal Seminar in Santiago, Chile, finds that the rebound was primarily driven by Caribbean countries and in particular Guyana and Barbados, on the back ...
OECD and the Netherlands discuss developments in international tax co-operation
OECD Deputy Secretary-General Ludger Schuknecht and Pascal Saint-Amans, Director of the Centre for Tax Policy and Administration, met in Paris with Mr. Menno Snel, State Secretary for Finance in The Netherlands, for wide-ranging discussions on international co-operation in the field of taxation, notably as concerns tackling tax evasion. This was announced in a press release dated 10 January 2019 as published on the website of the OECD. Mr. Saint-Amans expressed ...
OECD and IGF release first set of practice notes for developing countries on BEPS risks in mining
For many resource-rich developing countries, mineral resources present a significant 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. The OECD’s Centre for Tax Policy and Administration and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) are collaborating to address some of the challenges developing countries face in raising ...
New brochure outlining the OECD’s work on tax
The OECD has released a new brochure outlining the OECD’s work on tax: “OECD Work on Taxation 2018-19”. In his preface to the brochure, the OECD’s Secretary-General Mr. Angel Gurría recalls among others that great success was achieved in tackling tax evasion through the Global Forum on Transparency and Exchange of Information for Tax Purposes (which has more than 150 members, hereafter: “the Global Forum”) and that it is estimated ...
Tax reforms accelerating with push to lower corporate tax rates
Countries have used recent tax reforms to lower taxes on businesses and individuals, with a view to boosting investment, consumption and labour market participation, continuing a trend that started a couple of years ago, according to a new report from the OECD. This has been expressed by the OECD in a press release on its website covering the release on 5 September 2018 of the report "Tax Policy Reforms 2018; ...