New data, released today, underlines the importance of the two-pillar plan being advanced by over 130 members of the OECD/G20 Inclusive Framework on BEPS to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate.
Under BEPS Action 14, jurisdictions have committed to implement a minimum standard to improve the resolution of tax-related disputes between jurisdictions. Despite the significant disruption caused by the ongoing COVID-19 pandemic and the necessity to hold all meetings virtually, work has continued with the release today of the Stage 2 peer review monitoring reports.
Tax revenues fell in 2019 in two-thirds of economies across Asia and the Pacific as a result of an economic slowdown prior to the COVID-19 pandemic, according to a new OECD report.
The COVID-19 pandemic saw a significant shift among most tax administrations to remote working by many of their staff. As tax administrations consider the shape of the workplace post-pandemic, many are examining the options for some degree of continued remote working for employees on a longer-term basis.
Revenue Statistics in Asia and the Pacific presents key indicators to track progress on domestic resource mobilisation and to inform tax policy and reform that could help fill the financing gap to fund the SDGs and to build sustainable public finances after the COVID-19 crisis. The eighth edition of the report will be launched on Wednesday, 21 July 2021.
Tax Transparency in Latin America 2021 is a key output of the Punta del Este Declaration (the Declaration), a Latin American initiative to tackle tax evasion, corruption and other financial crimes through transparency and exchange of information (EOI) for tax purposes.
Between 22 June and 2 July 2021, 34 participants from 17 African countries took part in the second phase of the Train the Trainer pilot programme, launched in April 2021 by the Global Forum under the umbrella of the Africa Initiative.
The Global Forum published today new peer review reports assessing the legal and regulatory framework against the international standard on transparency and exchange of information on request for Antigua and Barbuda, Argentina, the Russian Federation, South Africa and Ukraine. The new reports only cover the first phase of the assessment.
The surge in e-commerce following the COVID-19 outbreak has emphasised the importance of applying Value Added Tax (VAT) effectively to digital trade. A new toolkit released today offers timely and valuable assistance to tax authorities in the Latin America and the Caribbean region for the effective collection of VAT revenues from e-commerce activities.
At their meeting today, heads of tax crime investigation from 44 countries welcomed the launch of a new edition of the groundbreaking global reference guide setting out the ten core requirements for jurisdictions to be able to effectively tackle tax crime while ensuring that taxpayers' rights are respected.