New OECD Guidance on Hard-to-value Intangibles, Profit Split Method

On June 21, 2018, the OECD released two reports setting out key guidance on the application of the approach to hard-to-value intangibles, and on the application of the transactional profit split method, as part of its work on base erosion and profit shifting (BEPS) project.Continue Reading

OECD Report Card on CbC Reporting Implementation Out

OECD Report Card on CbC Reporting Implementation Out

60 out of 90 countries have introduced tax legislation to implement country-by-country (CbC) reporting obligation for multinational enterprises (MNEs), in line with Action 13 of the base erosion and profit shifting (BEPS) project, according to a May 24 OECD report.Continue Reading

Countries Agree to Reach Consensus on Digital Taxation by 2020

Countries Agree to Reach Consensus on Digital Taxation by 2020

The OECD on March 16 released its Interim Report on the Tax Challenges Arising from Digitalisation, noting a lack of consensus among countries on either the merit or the need for interim measures to address the tax challenges posed by the digital economy.Continue Reading

Ireland’s FM Discusses Corporate Tax Rate, US Tax Reform

Ireland’s FM Discusses Corporate Tax Rate, US Tax Reform

In his recent address to the Irish Tax Institute, Ireland’s Finance Minister, Paschal Donohoe, outlined views on critical tax issues such as the country’s low corporate tax rate, the impact of US tax reforms, and digital taxation.Continue Reading

Netherlands Underlines Plan to Tackle Tax Avoidance

Netherlands Underlines Plan to Tackle Tax Avoidance

In a 24-page long letter to the country’s Parliament, Dutch State Secretary for Finance, Menno Snel, has set out a detailed tax plan to tackle multinational tax avoidance, including measures to prevent the internationally-oriented Dutch tax system from being used as a conduit to tax havens.Continue Reading