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News & Events
News
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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.
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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.
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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.
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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.
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31-Jul-2007
The Italian Government has established a fellowship in memory of the young Italian economist Alessandro Di Battista, who prematurely passed away in 2001. The fellowship is designed to allow a young Italian economist to be seconded to the Centre for Tax Policy and Administration, to receive training, conduct research and acquire experience at the OECD. The closing date for applications is 28 September 2007.
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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.
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23-Jul-2007
The study into the role of tax intermediaries, set up by the Forum on Tax Administration (FTA) under the Seoul Declaration (and see also the terms of reference ), has made three additional draft working papers available.
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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.
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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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18-Jun-2007
The OECD pursues its dialogue with the business community on the transfer pricing and treaty aspects of Business Restructurings, participates in discussion panels in Washington and Stockholm, and convenes a third meeting of the Business Advisory Group.
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Top of page
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Fighting Offshore Tax Evasion
Grace Perez-Navarro, deputy-director of OECD’s Centre for Tax Policy and Administration, addresses harmful tax practices, including tax havens, by improving transparency and establishing effective exchange of information.
Nicholas Bray speaks with Grace Perez-Navarro
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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Taxation in the Global Context: Developing our Co-operation with Non-OECD Economies
