OECD releases first BEPS recommendations

ConstantinosInternational Tax, OECD0 Comments

On 16 September 2014 the OECD released its first recommendations under the OECD/G20 Base Erosion and Profit Shifting Project (BEPS). At the request of the G20 Leaders, the OECD’s work is based on a BEPS Action Plan setting out the 15 key elements to be addressed by 2015. The project aims to help governments protect their tax bases and offer … Read More

Update to OECD Model Tax Convention

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On 15 July, the OECD Council  approved the contents of the 2014 Update to the OECD Model Tax Convention. The 2014 Update includes the changes to Article 26 and its Commentary that were approved by the OECD Council on 17 July 2012.  It also includes the final version of a number of changes that were previously released for comments through the … Read More

BEPS Deliverables

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The BEPS Action Plan provides for 15 actions scheduled to be finalised in three phases: September 2014, September 2015 and December 2015. Deliverables are expected: September 2014: Report identifying tax challenges raised by the digital economy and the necessary actions to address them (Action 1); Recommendations regarding the design of domestic and tax treaty measures to neutralise the effects of hybrid … Read More

OECD new compliance ratings report

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Members of the Global Forum on Transparency and Exchange of Information for Tax Purposes met during 21-22 November 2013 in Jakarta, Indonesia to implement a global call for greater international co-operation against tax evasion. The major outcome of the meeting was the publication of the compliance ratings report. Compliance ratings report The OECD has published the new compliance ratings for … Read More