International Monetary Fund
International Monetary Fund
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Europe
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Digital Economy
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International Monetary Fund
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Africa
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International Monetary Fund
International Monetary Fund
Africa
Draft toolkit on the art of tax treaty negotiation offers tips for developing countries
Francesca Amaddeo, a researcher at the Tax Law Competence Centre (SUPSI), Manno, Switzerland, writes about a draft toolkit for tax administrations on tax treaty negotiation published on June 29 by the Platform for Collaboration on Tax, which is a joint initiative of the IMF, OECD, UN, and World Bank Group (WBG) . . .
International Monetary Fund
Digital Economy
OECD director, tax experts, explore proposed “unified approach to pillar one” for taxing multinational groups
Julie Martin, managing editor at MNE Tax, discusses the sixth annual Tax Sunday event, held October 20 in Washington, D.C., where the OECD Secretariat’s proposed “unified approach to pillar one” was addressed by OECD tax director, Pascal Saint-Amans and other leading tax experts from government organizations, civil society, business, and academia . . .
Carbon Tax
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Europe
International Monetary Fund
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The lack of transfer pricing comparables: selecting the appropriate box of apples in which to find bananas
Andrew Hickman, consultant and former OECD Transfer Pricing Unit Head, writes that the Platform for Collaboration on Tax’s draft toolkit on transfer pricing comparables would be improved if it minimized the prominence of geographic screening and maximized use of financial ratio screening.. . .
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Asia-Pacific
Comments released on tax guidance addressing offshore indirect asset transfers
18 comment letters – including letters from the governments of India and China — were released today responding to a draft “toolkit” designed to help developing countries address the taxation of offshore indirect transfers of assets, a practice used by some multinational corporations for tax avoidance. The guidance was prepared by “Platform for Collaboration on Tax,” a joint effort of the IMF, UN, OECD, and . . . .
Africa
Twenty nations’ tax laws may aid multinational profit shifting, OECD report says
Twenty countries have tax laws that may be considered harmful preferential regimes, facilitating tax avoidance by multinationals and reducing the tax base of other countries, an OECD report released Monday revealed. The review, conducted by the OECD Forum on Harmful Tax Practices (FHTP), assessed countries’ tax laws against . . . .
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International Monetary Fund
International Monetary Fund
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G20 finance ministers consider digital economy taxation, crypto-assets, future technologies
G20 finance ministers and central bank governors, during their July 21–22 Buenos Aires, Argentina, meeting reaffirmed their commitment to reach multilateral agreement on the taxation of the digital economy. The ministers also agreed that crypto-assets could be used for tax evasion, endorsed a paper that makes tax policy recommendations . . .
Africa
Transfer pricing comparables “toolkit” reflects realities of developing nations, UN official says
A new “toolkit” which considers how developing nations can address a lack of comparables in transfer pricing, released jointly by the UN, OECD, IMF, and World Bank Group last June, reaffirms that the arm’s length approach can work for all nations but is also an imperfect, “not scientifically pure,” document, a UN official said July 18. Michael Lennard . . .
ASEAN
Americas
Countries targeted US companies in BEPS project to increase tax revenue, US Treasury official charges
Countries participating in the OECD/G20 base erosion profit shifting (BEPS) project sought to rewrite international tax rules for the digital economy and for intellectual property to increase their tax take at the expense of the United States, Robert Stack, Treasury deputy assistant secretary. . .
International Monetary Fund
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G20 finance ministers consider tax implications of digitalization, tax certainty
G20 finance ministers and central bank governors, in a communique following their March 17–18 meeting in Baden-Baden, Germany, called on an OECD task force to produce an interim . . .
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IMF, OECD, UN, and Word Bank Group to jointly work on multinational business tax issues
The International Monetary Fund, OECD, United Nations, and World Bank Group today released a concept note outlining their plan to work together to help governments address the tax policy . . .
