OECD presents international tax update to G20 Finance Ministers

On 12 October 2020, the OECD has published an update on the continuing negotiations to reach a multilateral, consensus-based solution to the tax challenges arising from the digitalisation of the economy on Monday 12 October 2020: “OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors – October 2020”. Click here to go to the report on the website of the OECD. The publication of the report was ...
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International community renews commitment to address tax challenges from digitalisation of the economy

The international community has made substantial progress towards reaching a consensus-based long-term solution to the tax challenges arising from the digitalisation of the economy, and agreed to keep working towards an agreement by mid-2021, according to a Statement (link to the document on the website of the OECD) released on Monday October 12, 2020. This was announced by the OECD in a press release dated 12 October 2020 on the release ...
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OECD/G20 Inclusive Framework on BEPS invites public input on the Reports on Pillar One and Pillar Two Blueprints

As part of the ongoing work to develop a solution to the tax challenges of the digitalisation of the economy, the OECD/G20 Inclusive Framework on BEPS is seeking public comments on the Reports on the Pillar One and Pillar Two Blueprints. This was announced by the OECD in a press release dated 12 October 2020. Furthermore from the press release: Background The top priority of the OECD/G20 Inclusive Framework on ...
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OECD Secretary-General Angel Gurría has reacted to recent statements and exchanges regarding the ongoing negotiations to address the tax challenges of the digitalisation of the economy

“Addressing the tax challenges arising from the digitalisation of the economy is long overdue,” said OECD Secretary-General Angel Gurría. “All members of the Inclusive Framework should remain engaged in the negotiation towards the goal of reaching a global solution by year end, drawing on all the technical work that has been done during the last three years, including throughout the COVID-19 crisis. Absent a multilateral solution, more countries will take ...
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Tax and fiscal policies central to governments’ responses to Covid-19 crisis

With global economic activity facing a historic drop and government spending rising dramatically, the implications of the Covid-19 crisis on public finances and tax revenues are significant. Drawing on its multi-disciplinary expertise, the OECD is deploying its data gathering and analytical capacities to help governments face these unprecedented challenges while supporting businesses and people towards economic recovery. This was announced in a press release on the website of the OECD ...
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Tax and fiscal policy should continue to support households and businesses through containment, then shift to bolstering recovery

Tax and fiscal policy responses are playing a critical role in limiting the hardship caused by containment measures, and should continue to do so as governments seek to support households and businesses, protect employment and pursue economic recovery from the global pandemic, according to new OECD analysis. ‘Tax and Fiscal Policy in Response to the Coronavirus Crisis; Strengthening Confidence and Resilience’, a report requested of the OECD by the Saudi ...
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OECD seeks input on draft Model Rules for Reporting for Platform Operators with respect to Sellers in the Sharing and Gig Economy

As part of the ongoing work of the Committee on Fiscal Affairs, the OECD is seeking public comments on the draft Model Rules for Reporting for Platform Operators with respect to Sellers in the Sharing and Gig Economy. This was announced with a press release published on the website of the OECD. From the press release: BACKGROUND The market of online platforms facilitating the "sharing" and "gig" economies is growing rapidly ...
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OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors

On 14 February 2020, the OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors was released. From the overview in the report: “Over the past 10 years, the G20 has supported multilateral co-operation for a globally fair, sustainable and modern international tax system, which translated into successful deliverables. Thanks to this momentum, significant progress has taken place to combat tax evasion, Base Erosion and Profit Shifting (BEPS), ...
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OECD presents analysis showing significant impact of proposed international tax reforms

New economic analysis shows that a proposed solution to the tax challenges arising from the digitalisation of the economy under negotiation at the OECD would have a significant positive impact on global tax revenues. This was announced in a press release published on the website of the OECD in relation to the release of the analysis. From the press release: The analysis puts the combined effect of the two-pillar solution under ...
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International community renews commitment to multilateral efforts to address tax challenges from digitalisation of the economy

The international community reaffirmed its commitment to reach a consensus-based long-term solution to the tax challenges arising from the digitalisation of the economy, and will continue working toward an agreement by the end of 2020, according to the Statement by the Inclusive Framework on BEPS released by the OECD on January 31, 2020. This was announced in a press release published on the website of the OECD. From the press release: The ...
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OECD leading multilateral efforts to address tax challenges from digitalisation of the economy

On 9 October 2019, the OECD Secretariat published a proposal to advance international negotiations to ensure large and highly profitable Multinational Enterprises, including digital companies, pay tax wherever they have significant consumer-facing activities and generate their profits. This was announced in a press release published on the website of the OECD. From the press release: The new OECD proposal brings together common elements of three competing proposals from member countries, and is ...
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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 ...
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OECD releases latest dispute resolution statistics at its first Tax Certainty Day

The first OECD Tax Certainty Day took place on 16 September 2019 at OECD headquarters in Paris, according to a press release published on the website of the OECD. From the press release: As recognised by G20 Ministers, maintaining and enhancing tax certainty brings benefits for taxpayers and tax administrations alike and is key in promoting investment, jobs and growth. This is particularly the case against the backdrop of the ...
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OECD supporting G20 policy priorities at Osaka Summit

At their Summit in Osaka this weekend, G20 leaders agreed on a range of priorities for which analysis and support from the OECD and other international organisations are playing a crucial role. This was announced with a press release published on the website of the OECD. Despite heightened tensions - in particular on trade and climate change - the leaders agreed to move forward on a broad raft of key ...
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OECD Secretary-General report to G20 Finance Ministers and Central Bank Governors

On 8 June 2019, the OECD released the 2019 OECD Secretary-General Report to G20 Finance Ministers and Central Bank Governors. The report contains a brief overview provided by the Secretary-General (see hereafter) as well as tables and overviews regarding the status of various actions. Aruba Aruba is being welcomed as one of the 13 new members of the OECD/G20 Inclusive Framework on BEPS, since the last report of the Secretary-General ...
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International community agrees on a road map for resolving the tax challenges arising from digitalisation of the economy

The international community has agreed on a road map for resolving the tax challenges arising from the digitalisation of the economy, and committed to continue working toward a consensus-based long-term solution by the end of 2020, the OECD announced in a press release dated 31 May 2019 on the website of the OECD. The 129 members of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) adopted a ...
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Presentatie economisch beleid: een sterke en veerkrachtige economie 2019-2022. Rapport bevat ook passages over voorgenomen belastinghervormingen (Aruba)

De Regering van Aruba heeft haar economisch beleid voor 2019 – 2022 gepresenteerd met de publicatie van het rapport “Economic Policy: a Strong and Resilient Economy 2019-2022”. Dit is bekend gemaakt met een persbericht op de website van de overheid van Aruba. Het economisch beleid zal zich concentreren op de ontwikkeling van een duurzame economische groei met de volgende doelstellingen; het bijdragen aan een hogere kwaliteit van leven voor alle ...
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International community makes important progress on the tax challenges of digitalisation

The international community has made important progress toward addressing the tax challenges arising from digitalisation of the economy and has agreed to continue working multilaterally towards achievement of a new consensus-based long-term solution in 2020, the OECD announced on 29 January 2019 with a press release published on their website. Countries and jurisdictions participating in the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) will step up efforts ...
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At G20 Summit OECD’s Gurría says collective action vital to tackle global challenges

International cooperation and collective action are critical to tackling the world’s major challenges, OECD Secretary-General Angel Gurría said following the G20 Leaders’ Summit held in Buenos Aires amid heightened trade tensions but at which important advances were made on a number of priorities of Argentina’s presidency. From the press release dated 1 December 2018 as published on the website of the OECD: In their final communiqué, the leaders agreed on the ...
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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 ...
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OECD tax report to G20 Finance Ministers. Includes status regarding Aruba, Curaçao and Sint Maarten

On 22 July 2018, the OECD Secretary-General report to the G20 Finance Ministers and Central Bank Governors was published on the website of the OECD. 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 and looking ahead at the further progress needed, in particular through the OECD/G20 Inclusive ...
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Tax Challenges Arising from Digitalisation: More than 110 countries agree to work towards a consensus-based solution

More than 110 countries and jurisdictions have agreed to review two key concepts of the international tax system, responding to a mandate from the G20 Finance Ministers to work on the implications of digitalisation for taxation, according to an announcement dated 16 March 2018 on the website of the OECD. The members of the OECD/G20 Inclusive Framework on BEPS will work towards a consensus-based solution by 2020, as set out ...
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Public comments received on the tax challenges of digitalisation

On 22 September 2017, interested parties were invited by the OECD to provide comments on the tax challenges of digitalisation. The OECD has published the public comments received in a document dated 25 October 2017: Tax Challenges of Digitalisation. Comments received on the Request for Input (Part I and Part II). The request for input outlined the background on the work regarding the tax challenges of digitalisation from the BEPS Action 1 ...
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OECD invites public input on the tax challenges of digitalisation

The OECD is seeking public comments on key issues identified in a request for input related to the tax challenges raised by digitalisation and the potential options to address these challenges, according to an announcement of 22 September 2017 on the OECD’s website. The request for input outlines the background on the work regarding the tax challenges of digitalisation from the BEPS Action 1 report and invites comments on the impact of digitalisation on ...
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