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BEPS News




Switzerland To Exchange First Swiss CbC Reports In June

by Mary Swire, Tax-News.com, Hong Kong

Thursday, June 21, 2018

Switzerland is preparing to exchange multinational groups' country-by-country reports with 35 partner states at the end of June. Read Full Story

 


G7 Committed To Digital Tax Consensus

by Mike Godfrey, Tax-News.com, Washington

Thursday, June 14, 2018

G7 countries are committed to working towards a consensus-based solution to the tax challenges of the digital economy, according to the final communique issued at the conclusion of the G7's summit in Charlevoix, Canada. Read Full Story

 


DeFazio Tables US Anti-Profit Shifting Bill

by Mike Godfrey, Tax-News.com, Washington

Thursday, June 14, 2018

US congressman Peter DeFazio (D-OR) has introduced legislation designed to amend the Tax Cuts and Jobs Act so that incentives for US corporations to shift income and production overseas are reduced. Read Full Story

 


TCJA Encourages Firms To Shift Profits Offshore, Says ITEP

by Mike Godfrey, Tax-News.com, Washington

Tuesday, June 12, 2018

Aspects of the tax reform legislation in the United States continue to provide an incentive for companies to shift profits offshore by providing more favorable tax treatment to foreign income than domestic profits, the Institute on Taxation and Economic Policy has said. Read Full Story

 


Peru Ratified OECD's Multilateral Tax Convention

by Ulrika Lomas, Tax-News.com, Brussels

Monday, June 4, 2018

Peru has completed the necessary steps to become a party to the OECD Multilateral Convention on Mutual Assistance in Tax Matters and also the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions. Read Full Story

 


Italy Launches Digital Tax Consultation

by Ulrika Lomas, Tax-News.com, Brussels

Monday, June 4, 2018

Italy's Ministry of Finance is seeking stakeholders' feedback on whether to support the EU's digital tax plans, and in particular its proposal for an "interim tax" on otherwise untaxed turnover earned by certain digital economy firms. Read Full Story

 


OECD Releases First CbC Reporting Peer Reviews

by Ulrika Lomas, Tax-News.com, Brussels

Monday, June 4, 2018

The OECD has released the first peer reviews of the Country-by-Country (CbC) reporting initiative, reporting that practically all countries that serve as headquarters to large multinationals have introduced new transfer pricing documentation requirements to improve transparency. Read Full Story

 


EU Removes Bahamas, Saint Kitts From Tax Blacklist

by Ulrika Lomas, Tax-News.com, Brussels

Monday, June 4, 2018

The EU on May 25 removed the Bahamas and Saint Kitts and Nevis from its list of non-cooperative tax jurisdictions. Read Full Story

 


EU Adopts Tax Transparency Rules For Intermediaries

by Ulrika Lomas, Tax-News.com, Brussels

Monday, June 4, 2018

New rules on intermediaries that design or promote tax planning schemes have been adopted by the European Council. Read Full Story

 


Norway's Parliament Rejects 'Google Tax' Proposal

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, May 29, 2018

Norway's parliament, the Storting, has rejected a legislative proposal for the introduction of a tax on digital business models, labeled the "Google tax," recommending instead that the Government explore the issue of digital taxation in partnership with the OECD. Read Full Story

 

 

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