Browse by: "2017"
Index
Title Index
Year Index
The OECD's Task Force on Tax Crimes and Other Crimes (TFTC) has a mandate to improve co-operation between tax and law enforcement agencies, including anti-corruption and anti-money laundering authorities, to counter financial crimes more effectively. The TFTC's work is carried out in connection with the OECD's Oslo Dialogue, a whole of government approach to tackling tax crimes and other financial crimes.
Fighting Tax Crime – The Ten Global Principles sets out the 10 essential principles for effectively fighting tax crimes. It covers the legal, institutional, administrative, and operational aspects necessary for putting in place an efficient system for fighting tax crimes and other financial crimes. It draws on the insights and experience of jurisdictions around the world.
The purpose is to allow jurisdictions to benchmark their legal and operational framework, and identify areas where improvements can be made. Future work in this area will include adding country specific details, covering a wide range of countries.
This report contains the 2017 Peer Review Report on the Exchange of Information on Request of Australia.
This report contains the 2017 Peer Review Report on the Exchange of Information on Request of Bermuda.
This report contains the 2017 Peer Review Report on the Exchange of Information on Request of Canada.
New Feature: Use your document to discover related articles and books
Upload your research outline and use semantic AI in the new Research Assistant to analyse it for key concepts and discover relevant OECD publications
This report contains the 2017 Peer Review Report on the Exchange of Information on Request of Cayman Islands.
This report contains the 2017 Peer Review Report on the Exchange of Information on Request of Curaçao.
This report contains the 2017 Peer Review Report on the Exchange of Information on Request of Denmark.
This report contains the 2017 Peer Review Report on the Exchange of Information on Request of Germany.
This report contains the 2017 Peer Review Report on the Exchange of Information on Request of India.
This report contains the 2017 Peer Review Report on the Exchange of Information on Request of Ireland.
This report contains the 2017 Peer Review Report on the Exchange of Information on Request of The Isle of Man.
This report contains the 2017 Peer Review Report on the Exchange of Information on Request of Italy.
This report contains the 2017 Peer Review Report on the Exchange of Information on Request of Jamaica.
This report contains the 2017 Peer Review Report on the Exchange of Information on Request of Jersey.
This report contains the 2017 Peer Review Report on the Exchange of Information on Request of Mauritius.
This report contains the 2017 Peer Review Report on the Exchange of Information on Request of Norway.
This report contains the 2017 Peer Review Report on the Exchange of Information on Request of Qatar.
BEPS Action 5 is one of the four BEPS minimum standards that all Inclusive Framework members have committed to implement. One part of the Action 5 minimum standard relates to preferential tax regimes where a peer review is undertaken to identify features of such regimes that can facilitate base erosion and profit shifting, and therefore have the potential to unfairly impact the tax base of other jurisdictions.
This progress report is an update to the 2015 BEPS Action 5 report and contains the results of the review of all Inclusive Framework members' preferential tax regimes that have been identified. The results are reported as at October 2017.
The report also contains guidance on preferential tax regimes, including timelines for amending regimes, how certain features of preferential regimes will be monitored, and guidance on the requirement that jurisdictions offering preferential regimes must require substantial activities to be undertaken in the regime.
BEPS Action 5 is one of the four BEPS minimum standards which all Inclusive Framework members have committed to implement. One part of the Action 5 minimum standard is the transparency framework for compulsory spontaneous exchange on certain rulings which, in the absence of transparency, could give rise to BEPS concerns. Over 100 jurisdictions have joined the Inclusive Framework and will take part in a peer review to assess their compliance with the transparency framework.
Specific terms of reference and a methodology have been agreed for the peer reviews to assess a jurisdiction’s implementation of the minimum standard. The review of the transparency framework assesses countries against the terms of reference which focus on five key elements: i) information gathering process, ii) exchange of information, iii) confidentiality of the information received; iv) statistics on the exchanges of rulings; and v) transparency on certain aspect of intellectual property regimes.
This report reflects the outcome of the first peer review of the implementation of the Action 5 minimum standard. It covers the jurisdictions which participated in the BEPS Project prior to the creation of the Inclusive Framework, and it assesses implementation for the 1 January 2016 – 31 December 2016 period.
Value Added Tax (VAT; also known as Goods and Services Tax, under the acronym GST in a number of OECD countries) has become a major source of revenue for governments around the world. Some 165 countries operated a VAT at the time of the completion of the International VAT/GST Guidelines in 2016, more than twice as many as 25 years before. As VAT continued to spread across the world, international trade in goods and services has also expanded rapidly in an increasingly globalised economy. One consequence of these developments has been the greater interaction between VAT systems, along with growing risks of double taxation and unintended non-taxation in the absence of international VAT co-ordination.
The International VAT/GST Guidelines now present a set of internationally agreed standards and recommended approaches to address the issues that arise from the uncoordinated application of national VAT systems in the context of international trade. They focus in particular on trade in services and intangibles, which poses increasingly important challenges for the design and operation of VAT systems worldwide. They notably include the recommended principles and mechanisms to address the challenges for the collection of VAT on cross-border sales of digital products that had been identified in the context of the OECD/G20 Project on Base and Erosion and Profit Shifting (the BEPS Project).
These Guidelines were adopted as a Recommendation by the Council of the OECD in September 2016.