G20–MNE Tax

Asia-Pacific

Global minimum tax opponents will not stop agreement, Saint-Amans says

May 4, 2021

Negotiations on a global minimum tax on corporations have the momentum that they need to reach an agreement now that France, Germany, and others have signaled support for recent US proposals. . .

Digital Economy

UN versus OECD – It’s time for the UN to get going

May 4, 2021

Kuldeep Sharma, ADIT (CIOT, UK), discusses why it’s time for the UN to come out of the shadows of the OECD, make structural changes to its tax committee and strengthen its Secretariat to bring it at par with the OECD . . .

Americas

Global agreement on new nexus rules and minimum tax likely by October, Saint-Amans says

April 22, 2021

Momentum is quickly growing for agreement on the final policy approach for new international tax rules on country taxing rights under the OECD’s “Pillar One” . . .

Americas

US Treasury Secretary Yellen says tax moves needed to help tackle climate change

April 22, 2021

US Secretary of the Treasury Janet L. Yellen spoke on April 21 of the Biden administration’s “whole-of-government approach” to aggressively tackling climate change – including creating a targeted investment tax credit . . .

Asia-Pacific

Maldives publishes advance pricing arrangement regulations

April 22, 2021

Zaina Zahir, CTL Strategies, discusses the Maldives Inland Revenue Authority’s advance pricing arrangement regulations published on March 16 . . .

Europe

OECD names new chair of international tax policy body

April 19, 2021

The OECD announced on April 16 that it appointed Fabrizia Lapecorella as the new head of the Committee on Fiscal Affairs starting on January 1, 2022. . .

G20

Higher carbon pricing through carbon taxes, emissions trading systems, and fuel excise taxes is needed to meet climate objectives, IMF/OECD report concludes: OECD→

April 13, 2021

Europe

G20 ministers renew call for consensus over MNE taxation

April 7, 2021

G20 finance ministers and central bank governors on April 7 renewed their call on for agreement on new tax rules for multinational groups. . .

Digital Economy

OECD Secretary-General report to G20 ministers includes overview of 66 countries’ tax policy responses to COVID-19: OECD→

April 7, 2021

Antigua and Barbuda

Countries continue to permit tax treaty shopping despite BEPS promises

April 6, 2021

Most countries are not fulfilling their commitment to amend their tax treaties to meet global standards aimed at preventing tax avoidance through tax treaty shopping, an April 1 OECD report shows. . .

Americas

US Treasury Secretary Yellen calls for G20 agreement on global minimum tax

April 5, 2021

US Secretary of the Treasury Janet Yellen said on April 5 that she is working to get buy-in from G20 nations on a global minimum corporate tax . . .

Europe

Greece and Hungary join BEPS MLI to fight multinational group tax avoidance

March 31, 2021

Greece and Hungary have deposited their ratification instruments for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS MLI), the OECD announced March 30. . .

Digital Economy

EU Parliament committee adopts resolution on digital taxation

March 30, 2021

The European Parliament’s Committee on Economic and Monetary Affairs (ECON) on March 23 adopted a motion for a European Parliament resolution on digital taxation, OECD negotiations, tax residency of digital companies, and a possible European digital tax. . .

Americas

US threatens tariffs against six more nations over digital taxes, drops investigation into others

March 29, 2021

The US Trade Representative has recommended trade actions against Austria, India, Italy, Spain, Turkey, and the UK following its findings that digital services taxes adopted by these countries discriminate against US companies. . .

G20

OECD releases secretary-general tax report to G20 finance ministers and central bank governors: OECD→

February 26, 2021

G20

Biden Deputy Treasury nominee seeks higher corporate tax rates, level playing field for American companies, ending global corporate tax ‘race to the bottom’: Reuters→

February 24, 2021

Africa

ICAP pilot for transfer pricing audits to be made permanent, OECD says

December 9, 2020

The OECD Forum on Tax Administration (FTA), comprised of 53 member country tax administrations, has . . .

Africa

G20 leaders again pledge to reach international tax deal

November 23, 2020

The Leaders of the world’s 20 biggest economies have again committed to work toward reaching a political agreement on revised rules . . .

Digital Economy

G20 ministers vow to continue work on international tax rewrite

October 14, 2020

In a communique released after their October 14 virtual meeting, G20 finance ministers and central bank governors said they remain committed to achieving consensus . . .

G20

OECD Secretary-General reports on status tax policy initiatives to G20 finance ministers: OECD→

October 12, 2020

Digital Economy

EU will propose its own digital tax plan if global agreements “fall short of a fair tax system that provides long-term sustainable revenues,” President von der Leyen says: European Commission→

September 16, 2020

G20

G20 should encourage better design of tax expenditures that have implications for international trade, authors say: Agustín Redonda, Facundo Calvo, Gilles Carbonnier, Irma Mosquera Valderrama, Rahul Mehrotra, Robert Koopman / Think20→

September 11, 2020

Africa

G20 finance ministers again pledge to agree on new multinational group tax rules by year-end

July 20, 2020

In a communique released after their July 18 virtual meeting, G20 finance ministers and central bank governors said that despite the disruptions created by the COVID-19 pandemic, they . . .

G20 finance ministers agree to continue work on taxation of digital economy

April 17, 2020

G20 finance ministers and central bank governors, in a communique following their April 15 virtual meeting, said that . . .

Digital Economy

G20 finance ministers say “unified approach” should be basis for negotiating updated tax rules for multinationals

February 23, 2020

G20 finance ministers and central bank governors, at their meeting in Riyadh, Saudi Arabia, held February 22–23, said they welcomed recent progress made by countries toward reaching . . .

Digital Economy

OECD report to G20 ministers addresses tax challenges of digitalization and pillar one unified approach: OECD→

October 19, 2019

G20 leaders approve digital work plan to address taxation of multinational groups

July 1, 2019

G20 leaders, at their summit in Osaka, Japan on June 28–29 endorsed a work plan developed by. . .

129-country coalition agrees to work plan to develop new international tax and transfer pricing rules

May 28, 2019

The BEPS Inclusive Framework today agreed to a work plan to develop international tax and transfer pricing rules that address the problems . . .

G20

OECD report to G20 leaders highlights new developments in digitalization effort, BEPS implementation, tax transparency: OECD→

June 30, 2019

Digital Economy

G20 finance ministers endorse Inclusive Framework’s work plan for international tax reboot

June 9, 2019

G20 finance ministers and central bank governors at their June 8–9 meeting in Tsukuba, Japan, endorsed a work plan developed by a 129-country coalition called the “Inclusive Framework on BEPS” which provides . . .

G20

OECD reports to G20 leaders on status of international tax agenda, tax transparency: OECD Secretary-General→

July 5, 2017

Americas

British Virgin Islands set to join OECD Inclusive Framework on BEPS

December 19, 2016

The British Virgin Islands will join the OECD/G20 Inclusive Framework, pledging to adopt and work toward the implementation of the minimum international tax standards in the OECD/G20 Base Erosion Profit Shifting . . .

Asia-Pacific

India confirms intent to sign BEPS multilateral instrument curbing tax avoidance

May 17, 2017

Mansi Seth and Afaan Arshad of Nishith Desai Associates discuss today’s announcement that the Indian Union Cabinet has approved India’s signing of the multilateral instrument (MLI) to implement the tax treaty measures in the OECD/G20 base erosion profit shifting (BEPS) action plan . . .

G20

The G20’s role in setting international tax standards reviewed: Sieb Kingma & Marcel GH Schaper / SSRN→

March 26, 2017

See: SSRN.

Europe

Macedonia joins “Inclusive Framework on BEPS” to fight MNE tax avoidance

August 23, 2018

Macedonia has joined the “Inclusive Framework on BEPS,” becoming the 117th country to participate in this global . . .

G20 ministers pledge to work together to resolve differences on digital firm taxation

March 20, 2018

G20 finance ministers and central bank governors, at their March 19-20 meeting in Buenos Aires, Argentina, agreed to try to work out their differences on the taxation of multinational . . .

Africa

New CIAT database tracks BEPS implementation in 36 countries

February 22, 2019

The Inter-American Center of Tax Administrations (CIAT) on February 21 released . . .

Africa

Paper reviews findings of 9 academics on likely impact of BEPS anti-hybrid rules on Uruguay, Colombia, Brazil, South Africa: SSRN→

March 29, 2017

See: SSRN.

Austria

Multinationals asked to critique tax dispute resolution processes in Austria, France, Germany, Italy, Liechtenstein, Luxembourg, Sweden

January 30, 2017

The OECD has today asked global businesses to assess the mutual agreement procedure (MAP) for resolving tax treaty disputes in Austria, France, Germany, Italy . . .

Khaled Al Zaabi on Spanish government proposes digital services tax: “We are seeking assistance with Digital Assets and International Tax Consulting to help Abu Dhabi UAE Oil Company navigate the…” October 24 ,2024

Emma Hinson Sims on The Pillar One blueprint — the potential future of international taxation and transfer pricing: “HAPPY BIRTHDAY TO A VERY SMART, BEAUTIFUL, YOUNG LADY ON JANUARY 13TH.” January 6 ,2024

David Valdez on US Tax Court resolves Whirlpool tax dispute involving Mexican maquiladora structure: “Greetings Whirlpool Mexico, I’m trying to contact someone involved with the decision making for transportation from all of your Mexican…” October 20 ,2023

Jose Dominguez on The new US international tax rules: what you need to know about GILTI, FDII, BEAT etc.: “Very informative article. Question. Do you have a software to compute these US International Calcs to make them in house?” April 12 ,2023

Ciro César Soriano de Oliveira on Danish High Court rules on beneficial ownership of dividends for tax purposes: “Dear Ms Susi, This article is immensely clarifying. I’d like to know whether Danish Supreme Court has already granted its…” March 24 ,2023

May 19 – 20	Tax Council Policy Institute Conference	Washington, D.C.
May 19 – 20	IFA Second European Region Conference	Milan, Italy
May 24	IFA Webinar Series Pillar Two: An Update	Virtual Event
Sept. 4 – 8	IFA Congress	Berlin