These country profiles focus on countries' domestic legislation regarding key transfer pricing principles, including the arm's length principle, transfer pricing methods, comparability analysis, intangible property, intra-group services, cost contribution agreements, transfer pricing documentation, administrative approaches to avoiding and resolving disputes, safe harbours and other implementation measures.
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The OECD’s annual Revenue Statistics report found that the tax-to-GDP ratio in the United States increased by 0.1 percentage point from 24.4% in 2018 to 24.5% in 2019. Between 2018 and 2019 the OECD average decreased from 33.9% to 33.8%.
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The tax wedge for the average single worker in the United States increased by 0.2 percentage points from 29.6 in 2018 to 29.8 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1).
The OECD’s work on international tax has long had the strong support of the G20. We have made great strides in the areas of tax transparency, the implementation of the BEPS measures to tackle corporate tax avoidance and in supporting capacity building in developing countries.
The OECD is honoured to be a joint partner with UNDP on the TIWB Initiative, which is not only helping countries around the world build much-needed tax audit capacity, but is also facilitating domestic resource mobilisation in support of the Sustainable Development Goals (SDGs).
With the strong support of both the G7 and the G20, the OECD’s work on international tax has made great strides in the areas of tax transparency, the implementation of the BEPS measures to tackle corporate tax avoidance and in supporting capacity building in developing countries.
The OECD will hold a public consultation event on the tax challenges of digitalisation on 1 November at the University of California, Berkeley, United States.
Digitalisation is having a profound impact on our societies. It offers many opportunities as a driver of innovation in the private and public sectors. We are already seeing, for example, how our tax administrations are benefiting from these new technologies to enhance services to taxpayers, improve tax compliance and tackle tax evasion and avoidance.