OECD releases blueprint on digital tax reform
October 16, 2020The OECD Inclusive Framework on BEPS, which groups 137 countries and jurisdictions on an equal footing for multilateral negotiation of international tax rules, has agreed that the two-pillar approach they have been developing since 2019 provides a solid foundation for a future agreement. During its meeting held on October 8-9, 2020, members of the Inclusive Framework on BEPS said that the blueprints of the two-pillar approach reflect convergent views on key policy features, principles, and parameters for a future agreement.
Brussels to appeal Apple State aid tax case in Ireland
October 5, 2020The European Commission has decided to challenge the judgement of the General Court of the European Union in the Apple State aid case in Ireland. The General Court in July 2020 annulled the Commission’s 2016 decision concluding that Ireland granted illegal State aid to Apple through selective tax breaks.
Over 90 countries have law on country-by-country reporting: OECD
September 25, 2020Over 90 jurisdictions have already introduced legislation to impose a country-by-country filing obligation on MNE groups, according to the latest OECD data. The third phase of peer reviews of the base erosion and profit shifting (BEPS) Action 13 country-by-country (CbC) reporting initiative reveals that practically all MNEs that are over the threshold for filing are now covered under the CbC reporting requirement.
New OECD data provides insight into MNE tax activity
July 10, 2020The OECD has published new data providing aggregated information on the global tax and economic activities of nearly 4,000 multinational enterprise (MNE) groups headquartered in 26 jurisdictions and operating across more than 100 jurisdictions worldwide. The data, released on July 8, is a major output based on the country-by-country (CbC) reporting requirements for MNEs under the base erosion and profit shifting (BEPS) project.
UN tax committee to hold 21st session from October 20
October 5, 2020The 21st Session of the United Nations Committee of Experts on International Cooperation on Tax Matters will take place on October 20-November 6 this year.
ATAF releases draft law on digital services tax
October 5, 2020The African Tax Administration Forum (ATAF) has suggested an approach to drafting legislation on digital sales tax services.
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