G20 News

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

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

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

Cayman Launches CbC Reporting Portal

by Mike Godfrey, Tax-News.com, Washington

Friday, May 11, 2018

The Cayman Islands' country-by-country (CbC) reporting portal is now open, with the first CbC reports due from some taxpayers by the end of the month. Read Full Story

Malta Ratifies BEPS Convention

by Jason Gorringe, Tax-News.com, London

Thursday, May 3, 2018

Malta has become the latest country to ratify the OECD's multilateral convention to counter base erosion and profit shifting. Read Full Story

EU Tax Working Group To Discuss Digital Tax, MNE Tax Issues

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, April 17, 2018

The EU's High Level Working Party (Taxation) will discuss international tax reform at its meeting on April 18. Read Full Story

EU Commission Told To Flesh Out Digital Tax Plans

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, March 28, 2018

The EU's Regulatory Scrutiny Board has criticized the bloc's announcement of measures to tax the turnover of certain digital firms' activities, saying that the Commission has failed to fully flesh out its proposals, substantiate the need for them, or analyzed their potential impact. Read Full Story

European Banks Condemn EU's Digital Tax Plans

by Ulrika Lomas, Tax-News.com, Brussels

Monday, March 26, 2018

The European Banking Federation has denounced the European Union's decision to go it alone on the taxation of the digital economy, saying that the bloc should instead have supported efforts to achieve a global level-playing field. Read Full Story

BEPS Multilateral Instrument To Enter Into Force

by Ulrika Lomas, Tax-News.com, Brussels

Friday, March 23, 2018

The OECD has announced that its multilateral convention to implement tax treaty-related measures to counter base erosion and profit shifting will enter into force on July 1, 2018. Read Full Story

OECD Releases Extra BEPS Action 7 Guidance

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, March 22, 2018

On March 22, 2018, the OECD released additional guidance on the attribution of profits to permanent establishments, to add to its recommendations on base erosion and profit shifting Action 7. Read Full Story

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