OECD releases statistics from the International Compliance Assurance Programme (ICAP)
The OECD released the first aggregated statistics from the Forum on Tax Administration (FTA) International Compliance Assurance Programme (ICAP) for a multilateral risk assessment of an MNE group’s key international tax risks. This has been announced with a news release dated 29 January 2024 on the website of the OECD. These statistics cover all cases completed by October 2023, including the two ICAP pilots, and provide an overview of the jurisdictions and ...
Heads of tax administration agree global actions to meet the current economic and administrative challenges
Tax administrations are playing a critical role as governments deal with the economic recovery from COVID-19 following an unprecedented global crisis. On 8 December 2020, senior officials from the 53 members of the OECD Forum on Tax Administration, which includes all OECD and G20 members, agreed an ambitious agenda for the next year, focused on enhancing resilience and tax certainty as well as the digital transformation of tax administrations. This ...
OECD secretariat invites public input on the 2020 Review of BEPS Action 14
As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS (Inclusive Framework), the OECD secretariat is seeking public comments on the 2020 review of BEPS Action 14. This was announced by the OECD in a press release dated 18 November 2020. Furthermore from the press release: Background In October 2015 the final report on Action 14 Making Dispute Resolution Mechanisms More Effective was published, containing a minimum standard (the ...
OECD releases 2019 MAP statistics and calls for stakeholder input on the BEPS Action 14 review on Tax Certainty Day
As part of the BEPS Action 14 minimum standard and the wider G20/OECD tax certainty agenda to improve the effectiveness and timeliness of tax-related dispute resolution mechanisms, the OECD released on 18 November 2020 the latest mutual agreement procedure (MAP) statistics covering 105 jurisdictions and almost all MAP cases worldwide. This was announced by the OECD in a press release dated 18 November 2020. Furthermore from the press release: The 2019 ...
Curaçao: peer review report (phase 3) of the BEPS Action 13 Country-by-Country reporting initiative
The OECD has released the outcomes of the third 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, according to a press release dated 24 September 2020 published on the website of the OECD on the occasion of the report “Country-by-Country Reporting – Compilation of Peer Review Reports (Phase 3): Inclusive Framework ...
Aruba: peer review report (phase 3) of the BEPS Action 13 Country-by-Country reporting initiative
The OECD has released the outcomes of the third 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, according to a press release dated 24 September 2020 published on the website of the OECD on the occasion of the report “Country-by-Country Reporting – Compilation of Peer Review Reports (Phase 3): Inclusive Framework on ...
Inclusive Framework on BEPS shows progress in implementing tax transparency through Country-by-Country reporting (Action 13). Compilation of peer review reports phase 3
The OECD has released the outcomes of the third 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, according to a press release dated 24 September 2020 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 ...
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 ...
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 ...
OECD and SAT hold joint workshop on the experience of country-by-country reporting of tax information
Tax officials from 21 jurisdictions met this week in Yangzhou, People's Republic of China, to share experiences from the first year of country-by-country reporting and explore how information can be used most effectively in the tax risk assessment of MNE groups. This was announced in a press release dated 27 September 2018 as published on the website of the OECD. From the press release: The workshop, organised jointly by the ...
Eight FTA members kick off multilateral tax risk assurance programme to provide early certainty for tax administrations and MNEs
A pilot of a new FTA programme for the multilateral risk assessment of large MNE groups was launched at an event on 23 January 2018 in Washington DC, according to an announcement dated 23 January 2018 on the website of the OECD. The International Compliance Assurance Programme (ICAP) is a pilot for a voluntary programme that will use CbC Reports and other information to facilitate open and co-operative multilateral engagements ...