OECD BEPS Multilateral Instrument text published – first signing ceremony scheduled for June 2017

  • By A&S
  • November 25, 2016
  • News

On November 24, 2016, the OECD published a press release that more than 100 jurisdictions have concluded negotiations on a multilateral instrument (MLI) that will swiftly implement a series of tax treaty measures to update international tax rules and lessen the opportunity for tax avoidance by multinational enterprises. The…

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OECD releases a discussion draft on interest in the banking and insurance sectors (BEPS Action 4)

  • By A&S
  • July 28, 2016
  • News

On July 28, 2016, the OECD released a discussion draft on approaches to address base erosion and profit shifting involving interest in the banking and insurance sectors. The final version of the report on Action 4 (Limiting Base Erosion Involving Interest Deductions and Other Financial Payments) set out a…

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OECD releases a discussion draft on the Group Ratio Rule (OECD BEPS Action 4)

  • By A&S
  • July 12, 2016
  • News

On July 11, 2016, the OECD released a discussion draft on elements of the design and operation of the Group Ratio Rule with respect of interest deduction limitations. The final version of the report on Action 4 (Limiting Base Erosion Involving Interest Deductions and Other Financial Payments) includes a…

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OECD releases a discussion draft on the attribution of profits to permanent establishments (OECD BEPS Action 7)

  • By A&S
  • July 5, 2016
  • News

On July 4, 2016, OECD released a discussion draft concerning additional guidance on the attribution of profits to permanent establishments. The Final Report on Action 7 of the BEPS Action Plan (“Preventing the Artificial Avoidance of Permanent Establishment Status”) mandates follow-up work to develop additional guidance on the issue of attribution…

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OECD releases discussion draft on revised guidance for application of profit split method (BEPS Actions 8-10)

  • By A&S
  • July 5, 2016
  • News

On July 4, 2016, OECD released a discussion draft concerning the revised guidance for profit split method. The Final Report on Actions 8-10 of the BEPS Action Plan (“Assure that transfer pricing outcomes are in line with value creation”) sets out the scope of the work in relation to…

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OECD publishes additional guidance on Country-by-Country Reporting (BEPS Action 13)

  • By A&S
  • June 30, 2016
  • News

On June 29, 2016, the OECD published a memorandum titled Guidance on the Implementation of Country-by-Country (CbC) Reporting. As described in the original press release, the OECD/G20 BEPS Project set out 15 key actions to reform the international tax framework and ensure that profits are reported where economic activities…

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OECD Council approves incorporation of BEPS amendments into the Transfer Pricing Guidelines

  • By A&S
  • June 16, 2016
  • News

On May 23 2016, the OECD Council approved the amendments to the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations (“Transfer Pricing Guidelines”), as set out in the BEPS Report on Actions 8-10 “Aligning Transfer Pricing Outcomes with Value Creation” and the 2015 BEPS Report on Action 13…

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OECD invites public comments on the development of multilateral instrument (BEPS Action 15)

  • By A&S
  • June 2, 2016
  • News

On May 31, 2016, the OECD published a request for input related to the development of a multilateral instrument to implement the tax-treaty related BEPS measures. The report on Action 15 of the BEPS Action Plan (Developing a Multilateral Instrument to Modify Bilateral Tax Treaties) concludes that a multilateral…

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Tax administrations call a special project meeting on “Panama Papers”

  • By A&S
  • April 8, 2016
  • News

On April 8. 2016, the government officials from around the world called on the OECD to convene a special project meeting of the Joint International Tax Shelter Information and Collaboration (JITSIC) Network to explore possibilities of co-operation and information-sharing, identify tax compliance risks and agree collaborative action, in light…

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OECD invites all interested countries and jurisdictions to participate BEPS initiatives

  • By A&S
  • February 23, 2016
  • News

On February 23, 2016, the OECD agreed on a new framework that would allow all interested countries and jurisdictions to join in efforts to update international tax rules. The new forum will provide an opportunity for all interested countries and jurisdictions to participate as BEPS Associates in an extension…

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