OECD presents international tax update to G20 Finance Ministers
On 26 February 2021, the OECD has published the “OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors – Italy February 2021”. Click here to go to the report on the website of the OECD. CFN-bericht nr. 20210305-13 BRONDOCUMENT (link to the report on the website of the OECD) Zie ook: CFN van 16 oktober 2020: OECD presents international tax update to G20 Finance Ministers. BRON: www.oecd.org ...
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 ...
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 ...
Platform for Collaboration on Tax releases toolkit to help developing countries tackle the complex issues around taxing offshore indirect transfers of assets
The Platform for Collaboration on Tax (PCT) released a Toolkit on the Taxation of Offshore Indirect Transfers (OIT) providing guidance on the design and implementation issues when one country seeks to tax gains on the sale of interests in an entity owning assets located in that country by an entity which is a tax resident in another country. This is the third Toolkit published by the PCT to provide guidance on areas ...
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 ...
OECD Secretariat analysis of tax treaties and the impact of the COVID-19 crisis
The COVID-19 pandemic has forced governments to take unprecedented measures such as restricting travel and implementing strict quarantine requirements. In this difficult context, most countries are putting stimulus packages in place, including measures to support employment, for example, taking on the burden of unpaid salaries on behalf of companies suffering from the economic effects of COVID-19 pandemic. As a result of these restrictions, many cross-border workers are unable to physically ...
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 ...
OECD Secretary-General Tax Report to G20 Finance Ministers
On 9 October 2019 the OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors was released. From the Overview in the report: “Overview G20 support for modernising the international tax rules has been instrumental over the past 10 years in ending bank secrecy, considerably improving tax co-operation, and strengthening the rules to counter base erosion and profit shifting (BEPS) by multinational companies. However, further progress is needed ...
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 ...
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 ...
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 ...