News & Events

Public comments on draft new Article 7 (Business Profits) of the OECD Model Tax Convention and related Commentary changes

26-Jan-2009

On 7 July 2008, the OECD Committee on Fiscal Affairs called for comments on a draft new Article 7 of the OECD Model Tax Convention and related Commentary changes. The OECD has now published the comments received on that draft.

Israel adheres to the OECD Declaration on Sovereign Wealth Funds and Recipient Country Policies

26-Jan-2009

Israel has adhered to the OECD Declaration on Sovereign Wealth Funds and Recipient Country Policies.

 
More information on OECD work on international investment is available at www.oecd.org/daf/investment/foi

Taxes on consumption continue to grow

21-Jan-2009

In 1965 consumption taxes accounted for 3.8% of GDP across the OECD; by 2006 this had increased to 6.8%. Over the same period the number of countries using a VAT – one of the forms of general consumption taxes – rose from around 10 to in excess of 140. These, and other, developments are explained in the 2008 issue of “Consumption Tax Trends”, published by the OECD in December.

Guernesey signe un accord d’échange de renseignements avec le Royaume Uni

21-Jan-2009

Guernesey et le Royaume Uni ont signé aujourd’hui un accord bilatéral d’échange de renseignements à des fins fiscales, ce qui porte à 10 le nombre d’accords de ce type conclus par Guernesey.

Tax Administration in OECD and Selected Non-OECD Countries: Comparative Information Series (2008)

20-Jan-2009

The Comparative Information Series (CIS) is a comprehensive survey of tax administration practices across 30 OECD and 13 selected non-OECD countries.  This third edition has a new format and increased comparative analysis of the underlying data.  It also includes new sections on issues such as large taxpayer operations, tax debt management, service delivery standards, electronic filing and other e-services, tax disputes and administrative review.  A useful overview of its contents can be found in the executive summary.

Guernsey signs tax information exchange agreement with the United Kingdom

20-Jan-2009

Guernsey and the United Kingdom have today signed a bilateral agreement for exchange of information for tax purposes bringing to 10 the number of such agreements entered into by Guernsey.

OECD Releases Reports relating to Claims for Treaty Benefits by Portfolio Investors

12-Jan-2009

The OECD has released two reports submitted to its Committee on Fiscal Affairs by an Informal Consultative Group of business and government representatives. The Reports address, respectively, technical issues relating to granting treaty benefits with respect to income of collective investment vehicles and procedural barriers to claims for treaty benefits that affect portfolio investors more generally. Interested parties are invited to send their comments before 6 March 2009.

OECD Manual on the Implementation of Exchange of Information Provisions for Tax Purposes - now available in Spanish

09-Dec-2008

The Manual provides practical assistance to officials dealing with exchange of information for tax purposes and may also be useful in designing or revising national manuals. It has been developed with the input of both member and non-member countries.  It is presented in a modular form which allows countries to tailor the design of their own manuals by incorporating only the modules that are relevant to their specific exchange of information programmes.  It is available in English, French and now also in Spanish.

Liechtenstein signs Tax Information Exchange Agreement with the United States

09-Dec-2008

Liechtenstein and the United States have signed a bilateral arrangement for the exchange of information for tax purposes. This is the first such agreement entered into by Liechtenstein.

OECD holds Consultation with Business on Comparability and Profit Methods for Transfer Pricing Purposes

19-Nov-2008

On 17-18 November 2008, the OECD held a consultation with business commentators on comparability and profit methods for transfer pricing purposes. The consultation followed the release of two discussion drafts on comparability (May 2006) and transactional profit methods (January 2008) under the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, both of which attracted very detailed responses from the business community.