News & Events

News

OECD reports progress in fighting offshore tax evasion, but says more efforts are needed

12-Oct-2007

Many financial centres, both onshore and offshore, are making progress in improving transparency and international co-operation to counter offshore tax evasion, but some still fall short of international standards that have been developed over the last seven years, according to OECD assessments.

Non-discrimination: Comments on the OECD Discussion Draft

08-Oct-2007

On 3 May 2007, the OECD released a public discussion draft  on the Application and Interpretation of Article 24 (Non-discrimination). The OECD has now published the comments received on that draft.

Senior Management Appointment: Mr. Pascal Saint-Amans, Head of the International Co-operation and Tax Competition Division on 26 September 2007

25-Sep-2007

The OECD’s Centre for Tax Policy and Administration is pleased to announce the appointment of Mr. Pascal Saint-Amans as Head of its International Co-operation and Tax Competition Division.

Fiscal Equalisation in OECD Countries

11-Sep-2007

Fiscal equalisation is a transfer of resources across jurisdictions to offset disparities in revenue raising capacity or public service cost. It covers 2.5 percent of GDP or 5 percent of total government expenditure across OECD countries. Equalisation reduces fiscal disparities by two third on average and in some countries levels them virtually out. Strong equalisation comes at a price: on average, around 70 percent of a jurisdiction’s additional tax income must be dedicated to an equalisation fund.

Transfer Pricing, Customs Duties and VAT Rules: Can We Bridge the Gap?

11-Sep-2007

While the importance of transfer pricing is increasingly appreciated, the focus has traditionally been on direct taxation and transfer pricing still largely remains a subject for tax specialists. In the past decade, however, it has become obvious that the customs duties and, more recently, the VAT (value added tax) dimensions of transfer pricing can also take quite a toll on a company’s profits and on government revenues, and they are now increasingly attracting the attention of governments and businesses.

OECD releases revised draft of Part IV (Insurance) of Report on Attribution of Profits to Permanent Establishments

23-Aug-2007

On 22 August, the OECD Committee on Fiscal Affairs published a revised public discussion draft of Part IV (Insurance) of its Report on the Attribution of Profits to Permanent Establishments. The revised draft replaces the original draft of Part IV released in June 2005. Comments may be submitted  by 31 October 2007 to Jeffrey Owens, Director, CTPA (jeffrey.owens@oecd.org). A consultation meeting with interested commentators will be held on 26 November 2007.

OECD removes the Marshall Islands from its List of Unco-operative Tax Havens

07-Aug-2007

The OECD is pleased to announce that the Republic of the Marshall Islands has made a commitment to implement a programme to improve transparency and to establish effective exchange of information in tax matters.

OECD removes Liberia from its List of Unco-operative Tax Havens

24-Jul-2007

OECD is pleased to announce the removal of Liberia from its List of Unco-operative Tax Havens, following Liberia’s commitment to implement a programme to improve transparency and establish effective exchange of information in tax matters.

Tax Reform in India – Achievement and Challenges

04-Jul-2007

Joint Press Briefing Notes by Pier Carlo Padoan, Deputy Secretary General, OECD to the International Tax Conference on "Tax Reform in India – Achievement and Challenges" that was held in Delhi on 3rd July 2007.

Jersey, Netherlands and Nordic countries step up tax co-operation efforts

20-Jun-2007

Jersey and the Netherlands signed a bilateral agreement to exchange information for tax purposes, patterned on the OECD Model Agreement for Exchange of Information in Tax Matters, while Nordic Finance Ministers announced progress towards tax information exchange agreements with Aruba, the Isle of Man, Jersey and the Netherlands Antilles.




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