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The Cayman Islands and the Netherlands signed a bilateral agreement and an additional protocol

13-Jul-2009

On 8 July 2009 in the Hague, the Cayman Islands and the Netherlands signed a bilateral agreement for the exchange of information for tax purposes and an additional protocol, bringing to 11 the number of such agreements entered into by the Cayman Islands.

Bahrain expands its network of information exchange agreements

10-Jul-2009

The Kingdom of Bahrain has recently signed double taxation conventions with Bulgaria (26 June 2009) and Austria (2 July 2009) that provide for exchange of information in accordance with the OECD standard. These agreements bring to 12 the number of agreements that Bahrain has signed that meet the OECD standard. As a result, Bahrain can be considered as having substantially implemented the internationally agreed standard in this area.

G8 Leaders acknowledge progress in promoting tax information exchange and transparency

09-Jul-2009

In a statement following their 8 July meeting in L’Aquila, the G8 leaders stated "all jurisdictions must now quickly implement their commitments...  an appropriate follow up framework is needed to fully benefit from this renewed emphasis on tax information exchange and transparency... We ask the OECD to swiftly address these challenges, propose further steps and report by the time of the next G20 Finance Ministers’ meeting.”

Luxembourg makes progress in OECD standards on tax information exchange

08-Jul-2009

Luxembourg has signed a protocol to its double taxation convention with Norway, bringing to 12 the number of agreements it has on exchange of information for tax purposes and thus crossing the threshold for being considered to have substantially implemented the internationally agreed standard in this area.

Money Laundering through the Football Sector

07-Jul-2009

The Financial Action Task Force (FATF), with assistance from the Centre for Tax Policy and Administration, has just completed a study, Money Laundering through the Football Sector, on what may make the football sector attractive to criminals.  It provides several case examples of areas that could be exploited by those wanting to invest illegal money into football, as well as examples of tax evasion. 

G8 Summit discussed principles and standards for global business dealings

06-Jul-2009

One of the agenda items at the G8 Summit in L’Aquila was a discussion of a proposed new “Global Standard” for international business dealings (see www.oecd.org/globalstandard). An Italian-led working group has drawn up, with the assistance of the OECD, a list of 12 “common principles and standards” in support of this project. To promote discussion of the issues raised by the proposed Global Standard, the OECD has launched a blog to which comments are invited.

Bermuda signs tax information accord with Germany

03-Jul-2009

Bermuda and Germany today signed a bilateral agreement for the exchange of information for tax purposes, bringing to 13 the number of such agreements that Bermuda has entered into.

Recommendation of the Council on Tax Measures for Further Combating Bribery of Foreign Public Officials in International Business Transactions

29-Jun-2009

The OECD Council adopted on 25 May 2009 a new Recommendation, that succeeds to the 1996 Recommendation, to strengthen the role of tax authorities in the combat against bribery.

Tax legislation on the tax treatment of bribes - 2009 update

26-Jun-2009

An updated summary of the tax treatment of bribes by the Parties to the Convention and Observer countries.   It includes new information concerning Israel, Poland and Russia.

Gibraltar has signed a bilateral agreement for the exchange of information for tax purposes with Ireland

25-Jun-2009

Gibraltar and Ireland signed yesterday, 24 June 2009, a bilateral agreement for the exchange of information for tax purposes, bringing to 2 the number of such agreements entered into by  Gibraltar.




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