Boosting tax morale – so people and businesses pay tax

The willingness of individuals and businesses to voluntarily pay tax can be improved through better understanding of the complex interlinkages between enforcement, trust in government and the ease of compliance, according to a new report from the OECD. The release of the report was announced in a press release dated 11 September 2019 on the website of the OECD. Tax Morale: What Drives People and Businesses to Pay Tax? assesses the ...
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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 ...
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IMF: additional measures should contain a mix of tax reforms and expenditure rationalization (Aruba)

IMF Executive Board concluded the 2019 Article IV Consultation with the Kingdom of the Netherlands-Aruba. Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. In the context of the 2019 Article IV consultation with the Kingdom of the Netherlands—Aruba, the following documents have been released and are included in this package: A Press Release on the staff report that concluded ...
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IMF Staff Concluding Statement of the 2019 Article IV Mission to Aruba

Het Internationaal Monetair Fonds (International Monetary Fund, “IMF”) heeft op 1 april 2019 een Concluding Statement uitgegeven met betrekking tot de “Article IV Mission” naar Aruba: “Kingdom of the Netherlands—Aruba: Staff Concluding Statement of the 2019 Article IV Mission”. In het Concluding Statement laat het IMF zich ook uit over de belastinghervormingen. Hieronder nemen wij de Concluding Statement op: “Kingdom of the Netherlands—Aruba: Staff Concluding Statement of the 2019 Article ...
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Global tax community welcomes new measures to enlist online marketplaces in the collection of VAT/GST in e-commerce

Delegates from over 100 jurisdictions, including regional and international organisations, have unanimously endorsed new rules that will ensure the collection of additional VAT/GST revenues and will level the playing field between operators in traditional and online markets. Meeting in Melbourne, Australia on 20-22 March 2019, around 300 participants attending the Global Forum on VAT, welcomed measures proposed in a new report by the OECD on The Role of Digital Platforms ...
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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 ...
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IMF Country Report on Curaçao and Sint Maarten: 2018 Article IV Consultation

On 25 January 2019 the International Monetary Fund (IMF) published its Country Report “Kingdom of the Netherlands—Curaçao and Sint Maarten: 2018 Article IV Consultation Discussions”. Hereunder we will take up the integral texts (however without footnotes!) of the Press Release, the Executive Board Assessment and the Staff Report for the 2018 Article IV Consultation Discussions in the report. Furthermore, for both Curaçao and Sint Maarten we have filtered phrases from ...
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IMF-Technical Assistance Report: Towards a Sustainable Tax System

Het Internationaal Monetair Fonds (International Monetary Fund, hierna: “IMF”) heeft op 18 december 2018 rapport uitgebracht inzake technische bijstand bij de ontwikkeling van het fiscale stelsel van Aruba. Klik hier om naar de pagina op de website van het IMF te gaan waar het raport is gepubliceerd. Inleiding Op verzoek van de Minister-President van Aruba, Mw. Evelyn Wever-Croes, en de Minister Financiën, Mrs. Xiomara Ruiz-Maduro, heeft een technische bijstandsmissie van ...
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Tax revenues continue increasing as the tax mix shifts further towards corporate and consumption taxes

Tax revenues in advanced economies have continued to increase, with taxes on companies and personal consumption representing an increasing share of total tax revenues, according to new OECD research. This was announced in a press release dated 5 December 2018 as published on the website of the OECD. From the press release: The 2018 edition of the OECD’s annual Revenue Statistics publication shows that the OECD average tax-to-GDP ratio rose ...
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OECD and Argentina continue the fight to tackle tax crime

Twenty-eight officials participated in the inaugural “VAT/GST Fraud Investigations” course at the OECD Latin America Academy for Tax and Financial Crime Investigation last week in Buenos Aires. This was announced in a press release published on the website of the OECD. From the press release: The Academy was launched earlier this year as part of Argentina’s G20 presidency by Argentina’s Minister of Treasury Nicolás Dujovne and the OECD Secretary General ...
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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; ...
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OECD/IMF Report on Tax Certainty – 2018 Update

On 22 July 2018, the OECD/IMF Report on Tax Certainty – 2018 Update was published on the website of the OECD. This report was originally published as Annex 3 to the OECD Secretary-General Tax Report to the G20 Finance Ministers and Central Bank Governors, which was issued on 22 July 2018 after the G20 Finance Ministers meeting in Buenos Aires, Argentina (see a separate article in today’s CFN-issue). This report from ...
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OECD delivers implementation guidance for collection of value-added taxes (VAT/GST) on cross-border sales

On 24 October 2017, the OECD released new implementation guidance to promote the effective collection of consumption taxes on cross-border sales. This guidance will support the consistent implementation of internationally agreed standards for the VAT treatment of cross-border trade and is of particular relevance given the rapid and ongoing digitalisation of the economy. The new guidance - Mechanisms for the Effective Collection of VAT/GST Where the Supplier Is Not Located ...
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OECD Global Forum on VAT: Tax experts gather to discuss solutions for common challenges in the design and operation of VAT systems; also the boom in e-commerce was discussed in the context of the BEPS Project

  In a press release of 13 April 2017 the OECD announced that approximately 300 participants, representing over 100 delegations from countries, jurisdictions and international organisations, as well as representatives from the business community and academia, gathered on 12 – 14 April 2017 in Paris for the fourth meeting of the OECD Global Forum on VAT. Also the release of the Recommendation of the Council on the Application of Value ...
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