Part 1 of a report to G20 Development Working Group on the impact of BEPS in Low Income Countries

At the G20’s request, the OECD is leading the development of a strategy to address base erosion and profit shifting (BEPS). The Development Working Group has asked the OECD to draw together the experiences of developing countries and international organisations in a report on the main sources of BEPS in developing countries and how these relate to the OECD/G20 BEPS Action Plan on this issue.

OECD releases full version of global standard for automatic exchange of information

Taking an important step towards greater transparency and putting an end to banking secrecy in tax matters, the OECD today released the full version of a new global standard for the exchange of information between jurisdictions.

Also Available

• La OCDE da a conocer la versión completa del estándar global para el intercambio automático de información

OECD approves the 2014 update to the OECD Model Tax Convention

The OECD Council approved yesterday the contents of the 2014 update to the OECD Model Tax Convention. The update will be incorporated in a revised version of the Model Tax Convention that will be published in the next few months.

Related Documents

• 2014 update to the OECD Model Tax Convention
• Tax Treaty Issues Related to Emissions Permits and Credits
• Issues related to Article 17 of the OECD Model Tax Convention

The Diesel Differential: Differences in the tax treatment of gasoline and diesel for road use

Diesel and gasoline account for around 95% of energy used for road transport in the OECD and for the largest share of revenue from taxes on energy. In 33 out of 34 OECD countries, diesel fuel is taxed at lower rates than gasoline both in terms of energy and carbon content.

Personal tax treatment of company cars and commuting expenses

Company cars form a large proportion of the car fleet in many OECD countries and are also influential in determining the composition of the wider vehicle fleet. When employees provided with a company car use that car for personal purposes, personal income tax rules value the benefit in a number of different ways.

Gabon joins international efforts to end tax avoidance and evasion

Gabon has signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters at a ceremony today at the OECD. Gabon is the seventh African country to sign the Convention since it was opened for signature to all countries in June 2011.

Cameroon signs the Convention on Mutual Administrative Assistance in Tax Matters

Cameroon has become the 65th signatory of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, the most powerful international instrument to fight international tax avoidance and evasion.

Andorra commits to automatic exchange of information in tax matters

Andorra has become the 48th signatory to an OECD Declaration that commits countries to end bank secrecy for tax purposes.

Also Available

• Andorra se compromete a intercambiar información de forma automática en materia tributaria

Advancing global action to support fiscal sustainability

Article about OECD work with international partners to eradicate tax evasion and tax avoidance, published in G7 Brussels Summit magazine, June 2014

Public consultation on transfer pricing documentation and country-by-country reporting

The OECD will hold a public consultation on the discussion draft on transfer pricing documentation and country-by-country reporting on 19 May 2014 at the OECD in Paris, France.