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The OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes has published the first 10 outcomes of a new and enhanced peer review process for assessing compliance with international tax transparency standards. Read Full Story
The UK tax authority, HM Revenue and Customs, has issued guidance for businesses on the preparation of country-by-country reports in the required format. Read Full Story
On August 3, 2017, the Irish Revenue published Revenue e-Brief No. 74/17, which contains guidance for taxpayers on complying with Ireland's transfer pricing documentation requirements. Read Full Story
The New Zealand Government has tabled in parliament a multilateral convention that will enable it to update tax treaties in line with the OECD's recommendations on base erosion and profit shifting. Read Full Story
The Platform for Collaboration on Tax, a joint initiative of the OECD, the International Monetary Fund, the United Nations, and the World Bank Group, has launched for consultation a draft toolkit designed to help developing countries address concerns surrounding the tax treatment of offshore indirect transfers of assets. Read Full Story
Argentina should introduce wide-ranging tax reforms, including reducing its corporate taxes and broadening the value-added tax base, the OECD has said. Read Full Story
UK Trade Secretary Liam Fox has said the UK remains committed to free trade, its strong relationship with Europe, and its support for the World Trade Organization. Read Full Story
On July 11, 2017, Cameroon's Finance Minister, Alamine Ousmane Mey, signed the OECD's Multilateral Instrument, designed to prevent the avoidance of tax through the abuse of double tax avoidance treaties. Read Full Story
On July 10, 2017, the OECD released the 2017 edition of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations. Read Full Story
Japan's Ministry of Finance announced last Wednesday that tax revenues had declined year-on-year for the first time since the 2009 fiscal year, potentially throwing a spanner in the works of Prime Minister Shinzo Abe's drive to re-invigorate the economy via targeted spending and stimulus packages, popularly known as "Abenomics." Read Full Story
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