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Globalisation is not new, but the pace of integration of national economies has quickened. Liberalisation opens up the door to globalisation, new technologies make it happen. This has implications for tax policy and administration. Find out more.
What's new
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18-Mar-2010
The international fight against cross-border tax evasion has entered a new phase with the launch by countries participating in the Global Forum on Transparency and Exchange of Information of a peer review process covering a first group of 18 jurisdictions: Australia, Barbados, Bermuda, Botswana, Canada, Cayman Islands, Denmark, Germany, India, Ireland, Jamaica, Jersey, Mauritius, Monaco, Norway, Panama, Qatar, Trinidad & Tobago.
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10-Mar-2010
The Bahamas has today signed agreements allowing for exchange of tax information with the seven Nordic economies (Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden).
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24-Feb-2010
The Principality of Andorra has today signed tax information exchange agreements with the 7 Nordic economies (Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden).
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12-Feb-2010
India hosted the second meeting of the Steering Group of the Global Forum on Transparency and Exchange of Information on 11 and 12 February 2010. The Steering Group, which guides the work of the Global Forum, considered the core documents required to launch the peer review process. It also examined the progress of the Global Forum in moving forward on the mandate given to it by the G20 in November 2009.
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10-Feb-2010
On 9 December 2009, the OECD Committee on Fiscal Affairs released for public comment a Public Discussion Draft of a Report which contains proposed changes to the Commentary on the OECD Model Tax Convention dealing with the question of the extent to which either collective investment vehicles (CIVs) or their investors are entitled to treaty benefits on income received by the CIVs. The OECD has now published the comments received on this consultation draft.
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10-Feb-2010
On 25 November 2009, the OECD Committee on Fiscal Affairs released for public comments a draft Report which contains proposed changes to the Commentary on the OECD Model Tax Convention dealing with tax treaty issues related to common telecommunication transactions. The OECD has now published the comments received on this consultation draft.
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10-Feb-2010
On 25 November 2009, the OECD Committee on Fiscal Affairs released for public comments a draft Report which contains proposed changes to the Commentary on the OECD Model Tax Convention dealing with the application of tax treaties to state-owned entities, including Sovereign Wealth Funds. The OECD has now published the comments received on this consultation draft.
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08-Feb-2010
The OECD has released for public comment draft documentation for implementing a streamlined procedure for portfolio investors to claim reductions in withholding rates pursuant to tax treaties or domestic law in the source country. The draft documentation was developed to provide standardised documentation that could be used by countries that wish to adopt the “best practices” described in a report released by the OECD for public comment on 12 January 2009. Interested parties are invited to submit their comments on the draft documentation by 31 August 2010.
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05-Feb-2010
On 5 February 2010, the OECD’s Committee on Fiscal Affairs released a report focusing on VAT/GST relief for foreign businesses. The report highlights the difficulties businesses face when they try to recover VAT incurred abroad. The report is based on a survey of more than 300 businesses. It revealed that refund procedures are considered difficult for 72% of businesses and that nearly 21% of the respondents are unable to recover any of their foreign VAT.
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05-Feb-2010
The OECD Committee on Fiscal Affairs invites public comments on draft Guidelines on the application of value added taxes to the international trade in services and intangibles. These draft Guidelines consider business-to-business supplies and, in particular the identification of the jurisdiction with taxing rights. They form the first part of the OECD’s International VAT/GST Guidelines currently under development. Comments should be sent before 30 June 2010 to Jeffrey Owens, Director, CTPA (jeffrey.owens@oecd.org).
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28-Jan-2010
On 24 November 2009, the OECD Committee on Fiscal Affairs released for public comment a proposed draft of the new Article 7 of the Model Tax Convention. The OECD has now published the comments received on this consultation draft.
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28-Jan-2010
On 27 January, tax and development experts decided to set up an Informal Task Force on Tax and Development. With developing countries and other key stakeholders – including NGOs and business – as members, the Task Force will develop clear and effective mechanisms to make progress in the field of tax and development. With a mapping out of existing international efforts as its first assignment, participants agreed on a general set of principles to guide followup action and recognized the importance of working together and with other relevant international institutions. See the full Statement.
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14-Jan-2010
On 9 September 2009, the OECD Committee on Fiscal Affairs released for public comment a proposed revision of Chapters I-III of the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations. The OECD has now published the comments received on this document.
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14-Dec-2009
A new law on access to bank information will enable Chile to exchange banking information under existing tax treaties, thereby complying with the internationally agreed tax standard for exchange of information.
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09-Dec-2009
From 9 December 2009 to 31 January 2010
The OECD Committee on Fiscal Affairs has released as a discussion draft a Report which contains proposed changes to the Commentary on the OECD Model Tax Convention dealing with the question of the extent to which either collective investment vehicles (CIVs) or their investors are entitled to treaty benefits on income received by the CIVs. Comments should be sent before 31 January 2010 to Jeffrey Owens, Director, CTPA (jeffrey.owens@oecd.org).
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09-Dec-2009
To mark the 10th anniversary of the entry into force of the OECD Anti-Bribery Convention, the Bribery Awareness Handbook for Tax Examiners has been updated to include the Recommendation on Tax Measures for Further Combating Bribery of Foreign Public Officials in International Business Transactions. This requires countries to explicitly prohibit the tax deductibility of bribes to foreign public officials and promotes enhanced co-operation between tax authorities and law enforcement agencies both at home and abroad to counter corruption.
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10-Dec-2009
After the climate conference in Copenhagen it will be essential to ensure effective policy instruments. Emission trading is a powerful tool that can spur low-cost reductions in greenhouse gas emissions. But to work well in practice, some tax issues may need to be addressed. The OECD and its Committee of Fiscal Affairs has put itself at the service of the international community with a policy process bringing together tax and environment experts, including from business.
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25-Nov-2009
from 25-Nov-2009 to 31-Jan-2010
The OECD Committee on Fiscal Affairs invites public comments on draft changes to the Commentary on the OECD Model Tax Convention dealing with the application of tax treaties to state-owned entities, including Sovereign Wealth Funds. The Committee is considering the inclusion of these changes in the next update to the OECD Model Tax Convention, which is tentatively scheduled for the second part of 2010. Comments should be sent before 31 January 2010) to Jeffrey Owens, Director, CTPA (jeffrey.owens@oecd.org).
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25-Nov-2009
from 25-Nov-2009 to 31-Jan-2010
The OECD Committee on Fiscal Affairs invites public comments on draft changes to the Commentary on the OECD Model Tax Convention dealing with tax treaty issues related to common telecommunication transactions. The Committee is considering the inclusion of these changes in the next update to the OECD Model Tax Convention, which is tentatively scheduled for the second part of 2010. Comments should be sent before 31 January 2010) to Jeffrey Owens, Director, CTPA (jeffrey.owens@oecd.org).
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25-Nov-2009
24-Nov-2009 to 21-Jan-2010
On 24 November 2009, the OECD Committee on Fiscal Affairs approved the release, for public comment, of a revised draft of a new Article 7 (Business Profits) of the OECD Model Tax Convention and of related Commentary changes. The new Article 7 is aimed at ensuring the full application of the Report on Attribution of Profits to Permanent Establishments that the OECD adopted in 2008. Comments on the revised draft should be sent before 21 January 2010 to Jeffrey Owens, Director, CTPA (jeffrey.owens@oecd.org).
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24-Nov-2009
The recession is taking its toll on tax receipts across the OECD. Aggregate tax burdens in OECD economies, calculated as the ratio of tax revenues to gross domestic product, or GDP, were unchanged between 2006 and 2007, and then fell in 2008.
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20-Nov-2009
On 19-20 November the African Tax Administration Forum (ATAF) was launched by the President of Uganda. The ATAF mission is to mobilize domestic resources more effectively and increase the accountability of African States to African citizens whilst actively promoting an improvement in tax administration through sharing experiences, benchmarking and peer reviewing best practices.
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26-Oct-2009
On October 26-28 in Beijing, China, the International Tax Dialogue conference brought together senior tax policymakers and administrators to discuss how the tax system can best support and promote a healthy and transparent financial environment. The press release is also available in Spanish.
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See more news and events…
Top of page
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Video interview
Jeffrey Owens reports progress on OECD work on tax havens, outlining plans to help countries implement OECD standards on tax transparency
Taking forward the G20 Tax Initiative
www.itdweb.org
A joint initiative by the OECD, IMF and World Bank to facilitate discussion on tax matters
International Tax Dialogue
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2009 Assessment by the Global Forum on Transparency and Exchange of Information
Taxation in the Global Context: Developing our Co-operation with Non-OECD Economies
