This report takes stock of how carbon prices have evolved across G20 economies between 2018 and 2021. It estimates carbon prices resulting from carbon taxes, emissions trading systems, and fuel excise taxes. G20 countries account for approximately 80% of global GHG emissions.
This paper discusses the contribution that kerosene taxes could make to decarbonising international air travel post COVID-19. Reaching climate neutrality by mid-century requires that all sectors, including aviation, cut emissions strongly. The paper argues that clarity on decarbonisation targets, including through carbon price signals in the form of kerosene taxes, will support an orderly transition in aviation.
Major reform of the international tax system finalised today at the OECD will ensure that Multinational Enterprises (MNEs) will be subject to a minimum 15% tax rate from 2023.
Rwanda has committed to implement the international Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI) by 2024. The commitment, made by the Minister of Finance and Economic Planning Dr Uzziel Ndagijimana, makes Rwanda the 120th Global Forum member to commit to start AEOI by a specific date, and the ninth African country to do so.
Moldova has committed to implement the international Standard for Automatic Exchange of Financial Account Information in Tax Matters by 2023. Moldova’s commitment, made by the Minister of Finance Mr Dumitru Budianschi, makes it the 119th Global Forum member to commit to start AEOI by a specific date.
Tax administrations are investing significant resources in the development of e-services and digital solutions and are embracing opportunities for fast tracking digital transformation to improve their services, reduce burdens, and improve tax compliance, according to a new OECD report.
Togo joins international efforts against tax evasion and avoidance by joining the OECD/G20 Inclusive Framework on BEPS as its 140th member. Through its membership, Togo has also committed to addressing the tax challenges arising from the digitalisation of the economy by joining the two-pillar plan to reform the international taxation rules, bringing to 134 the total number of jurisdictions participating in the agreement.
Ukraine has committed to implement the international Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI) by 2023. The commitment made by Prime Minister of Ukraine, Mr Denys Shmyhal, makes Ukraine the 118th Global Forum member to commit to start AEOI by a specific date.
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This newsletter provides an update on the recent developments of the FTA work programme and covers the following topics: Tax Administration 3.0 (update and next steps); update on COIs and Network; COVID-19 related work; ERM Maturity Model publication; Capacity Building; ICAP; and more.
The OECD has published updated transfer pricing country profiles, reflecting the current transfer pricing legislation and practices of 20 jurisdictions. These updated profiles also contain new information on countries' legislation and practices regarding the transfer pricing treatment of financial transactions and the application of the Authorised OECD Approach to attribute profits to permanent establishments.