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 ...
LEES VERDER

As the pace of tax reform slows, countries are urged to take bolder action

The pace of tax reforms has slowed across most leading economies and bolder tax reforms will be needed to address future challenges, according to a new OECD report. This was announced in a press release published on the website of the OECD. Tax Policy Reforms 2019 describes the latest tax reforms across all OECD countries, as well as in Argentina, Indonesia and South Africa. The report identifies major tax policy trends and ...
LEES VERDER

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 ...
LEES VERDER

Public comments received on the possible solutions to the tax challenges of digitalisation

On 13 February 2019, interested parties were invited to provide comments on key issues identified in a public consultation document on possible solutions to the tax challenges arising from the digitalisation of the economy. The OECD is grateful to the commentators for their input and has published the public comments received. This was announced on 8 March 2019 with a press release published on the website of the OECD. Sofar ...
LEES VERDER

Extension of the comment period for the public consultation document on the possible solutions to the tax challenges of digitalisation

In order to ensure all stakeholders are given the full opportunity to provide feedback on the publication consultation document relating to the possible solutions to the tax challenges of digitalisation, the OECD has extended the comment period to 6 March 2019. The public consultation meeting remains scheduled for 13-14 March 2019 and the deadline for registration to attend the public consultation remains 1 March 2019. This has been announced by the ...
LEES VERDER

OECD invites public input on the possible solutions to the tax challenges of digitalisation

Extension of the comment period for the public consultation document on the possible solutions to the tax challenges of digitalisation Update 19/02/2019  In order to ensure all stakeholders are given the full opportunity to provide feedback on the publication consultation document relating to the possible solutions to the tax challenges of digitalisation, the OECD has extended the comment period to 6 March 2019. The public consultation meeting remains scheduled for 13-14 ...
LEES VERDER

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 ...
LEES VERDER

OECD/G20 Inclusive Framework on BEPS: Progress Report July 2017-June 2018 published. Review Curaçao on mutual agreement procedures scheduled for the 8th batch, by April 2019

The OECD/G20 Inclusive Framework on BEPS has published the Progress Report July 2017-June 2018, according to a post on the website of the OECD. The Progress Report was published on 22 July 2018. Please note that a new version was published on 23 July 2018 in order to correct Figure 1 on page 15: Signatories and parties to the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base ...
LEES VERDER

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 ...
LEES VERDER

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 ...
LEES VERDER