News & Events

News

Aruba and the Netherlands Antilles implement internationally agreed tax standard

11-Sep-2009

Aruba and the Netherlands Antilles have signed bilateral agreements with seven Nordic economies - Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden - on exchange of information for tax purposes.

This moves both jurisdictions into the category of ‘Jurisdictions that have substantially implemented the internationally agreed tax standard’ in the Progress Report initially published by the OECD Secretariat on 2 April 2009. Eight jurisdictions have now moved into the substantially implemented category since the Progress Report was first published.

Lucerne VAT Conference - Communiqué

10-Sep-2009

The High Level VAT Conference was held in Lucerne on 9-10 September 2009, bringing together senior tax policy officials from 25 OECD countries, the European Commission and 5 non-member economies. The Communiqué is now available.

The OECD releases the 2009 edition of its Transfer Pricing Guidelines

09-Sep-2009

On 7 September 2009, the OECD released the 2009 edition of its Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations. This edition incorporates an update of Chapter IV to reflect the latest developments in the area of dispute resolution as well as updates to the Foreword, Preface and Council Recommendation. It was released in time for the Conference Transfer Pricing and Treaties in a Changing World.

G20 Finance Ministers and Central Bank Governors call for continued action to ensure a level playing field for tax

07-Sep-2009

In a statement following their 5 September meeting in London, in advance of Pittsburgh, the G20 Finance Ministers and Central Bank Governors reaffirmed their commitment to strengthen the financial system, but stated that more needs to be done to maintain momentum.  They also stated that unprecedented progress has been made since the November 2008 G20 Summit with regard to the OECD’s standards of tax information exchange and transparency.

OECD Global Forum consolidates tax evasion revolution in advance of Pittsburgh

03-Sep-2009

Today, on the eve of the Pittsburgh G20 meeting, the Global Forum on Transparency and Exchange of Information dealing with tax matters, took major steps to confirm the end of the era of banking secrecy as a shield for tax evaders. Hailing the breakthrough OECD Secretary-General Angel Gurría said “what we are witnessing is nothing short of a revolution."

Standard Business Reporting

02-Sep-2009

Reporting of financial data to Government by business is a significant cost burden in all countries.  Reducing that cost is a major objective in many countries.  A very significant element of that cost is the many data formats and descriptions used by different Government agencies (including revenue bodies) for reporting to Government. A number of countries have taken steps to reduce those costs by implementing a system of Standard Business Reporting (SBR).  SBR standardises and rationalises those data formats and descriptions to make reporting easier and cheaper for business.

Tax Co-operation 2009: Towards a Level Playing Field - 2009 Assessment by the Global Forum on Transparency and Exchange of Information

31-Aug-2009

The fourth annual assessment of transparency and tax information exchange policies in more than 80 economies is now available.

OECD assessment shows bank secrecy as a shield for tax evaders coming to an end

31-Aug-2009

Tax Co-operation 2009: Towards a Level Playing Field - 2009 assessment by the Global Forum on Transparency and Exchange of Information is the fourth annual assessment of progress being made towards greater transparency and information exchange in the area of taxation. This report covers 87 jurisdictions, including all the major financial centres around the world.

Strengthening tax compliance - Working with large business and wealthy individuals

24-Jul-2009

The largest and wealthiest taxpayers have a significant impact on government revenues and revenue bodies devote considerable time and resource to managing their tax compliance and taxpayer service issues.  Four recently published reports provide an insight into current trends and approaches to working with the largest businesses and wealthiest individuals.

New TIEA signed between Gibraltar and Australia

27-Aug-2009

Gibraltar and Australia have signed a bilateral agreement for the exchange of information for tax purposes. This brings to 5 the number of such agreements that Gibraltar has entered into.




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