News & Events

Isle of Man signs agreements with Nordic economies on exchange of information for tax purposes

30-Oct-2007

The Isle of Man has signed bilateral agreements with seven Nordic economies -- Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden --  on exchange of information for tax purposes, marking a significant step forward in international efforts to implement standards of transparency and exchange of information in tax matters developed by OECD’s Global Forum on Taxation.

Isle of Man signs agreements with Nordic economies on exchange of information for tax purposes

30-Oct-2007

The Isle of Man has signed bilateral agreements with seven Nordic economies -- Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden --  on exchange of information for tax purposes, marking a significant step forward in international efforts to implement standards of transparency and exchange of information in tax matters develope by OECD’s Global Forum on Taxation.

Discussion Draft on Tax Treaty Issues Related to REITs

30-Oct-2007

Discussion Draft on Tax Treaty Issues Related to Real Estate Investment Trusts (REITs)

30-Oct-2007

from 30 October 2007 to 15 January 2008
This OECD discussion draft is largely based on the report of an informal technical group of tax officials and experts from the REIT sector which was mandated by the OECD Committee on Fiscal Affairs to prepare an analysis of the issues related to the application of tax treaties to REITs and to present suggestions for additions to the Commentary of the OECD Model Tax Convention.  Comments on this discussion draft should be sent before 15 January 2008.

Public comments on revised draft changes to the commentary on paragraph 2 of Atricle 15

26-Oct-2007

On 12 March 2007, the OECD released revised draft changes to the commentary  on paragraph 2 of Atricle 15 of the Model Tax Convention. The OECD has now published the comments received on that draft.

Comments received on Article 7 of the Model Tax Convention

24-Oct-2007

On 10 April 2007, the OECD Committee on Fiscal Affairs released as a discussion draft  a revised Commentary on Article 7 that takes account of many of the conclusions included in  Parts I, II and III of its Report on the Attribution of Profits to Permanent Establishments. The OECD has now published the comments received on that draft.

OECD countries’ tax burdens back up to 2000 historic highs

17-Oct-2007

The average tax burden in OECD countries, measured as the ratio of tax to gross domestic product (GDP), is back up to the same levels as in 2000 after a brief reduction between 2001 and 2004, according to figures in the latest edition of the OECD’s annual Revenue Statistics publication.

OECD countries’ tax burdens back up to 2000 historic highs

17-Oct-2007

The average tax burden in OECD countries, measured as the ratio of tax to gross domestic product (GDP), is back up to the same levels as in 2000 after a brief reduction between 2001 and 2004, according to figures in the latest edition of the OECD’s annual Revenue Statistics publication.

2007 Update on the implementation of the 1996 OECD recommendation

16-Oct-2007

The Committee on Fiscal Affairs monitors the implementation of the 1996 Recommendation. Latest legislation changes concern Belgium and Greece.

2007 Update on the implementation of the 1996 OECD recommendation on the tax deductibility of bribes to foreign public officials in countries parties to the bribery convention.