Statistics on tax revenue are the foundation for analysis of tax and customs policies. Comparable and reliable statistics are critical to undertake such analysis and to develop better tax policies. Major Step The OECD Global Revenue Statistics Database is a major step forward in providing comparable and reliable tax revenue data for a large number of countries from all regions of the world. It...
Automatic Exchange of Information (AEOI) under the Common Reporting Standard (CRS) and the United States Foreign Account Tax Compliance Act (FATCA) involves the exchange of large amounts of information on financial accounts between tax administrations. For the receiving tax administration to be able to use this information effectively requires both the sending administration and all Financial Institutions (FI) to have sufficiently robust due diligence...
This report, which has been developed by the Forum on Tax Administration's (FTA) Tax Debt Management Network, looks at some of the main challenges currently facing international tax debt collection and makes a number of recommendations to help address them. These challenges include a lack of reliable statistics to inform decision-making, potential difficulties that can be faced in tracing debtors and assets, as well as...
This report is intended to assist tax administrations in the development and implementation of strategic approaches to support SMEs with tax compliance as well as to identify opportunities for burden reductions. It also provides some country examples as to the development and implementation of such strategies, including two case studies. About Published 8 December 2020 Download the report English (pdf) It is the...
Digital transformation of tax administration is a journey which will take many years and requires many pieces to fit together to realise the full benefits. Heads of tax administration agree global actions to meet the current economic and administrative challenges. Tax Administration 3.0 Published 8 December 2020 Download the report English (PDF) About This discussion document by the Forum on Tax Administration (FTA) sets...
A very important debate, organized by a valid interlocutor on taxation and professional issues. Don't miss this opportunity ! In the practice >>> Registration Form ! About ETAF The European Tax Adviser Federation – ETAF is a European umbrella organisation for 280,000 tax professionals from France, Germany, Italy, Belgium, Romania and Hungary. ETAF was launched in December 2015 as an international non-profit organisation (AISBL), governed by...
While the COVID-19 pandemic is first and foremost a global public health crisis, it has also proven to have a significant and potentially long-lasting impact on the serious and organised crime and terrorism landscape in Europe as well as the ability of Member State law enforcement authorities to counter security threats. Download the report "How COVID-19-related crime infected Europe during 2020" Since the beginning...
Regulations are an indispensable part of an economy and are proven to generate a significant impact on the economic, environment and social landscape. Through an extensive survey of literature and empirical study, the paper contrasts the benefits and costs arising in the light of the imposition of ex ante regulations of attempting to regulate a market sector, before a market failure has even occurred. It...
The international community has made substantial progress towards reaching a consensus-based long-term solution to the tax challenges arising from the digitalisation of the economy, and agreed to keep working towards an agreement by mid-2021, according to a Statement released today (12/10/2020). The OECD/G20 Inclusive Framework on BEPS, which groups 137 countries and jurisdictions on an equal footing for multilateral negotiation of international tax rules, agreed...
Following this latest revision, as at 6 october , 2020, the EU blacklist comprises the twelve jurisdictions and the greylist now ten juridictions… Background The first ever EU list of non-cooperative tax jurisdictions was agreed by Member States on 5 December 2017. This list is part of the EU's work to fight tax evasion and avoidance and aims to create a stronger deterrent for countries...
Protectionism and mercantilism are yet again at the centre of global economic policy. “America First” is the guiding ethos in a good part of US international economic policy. Beijing is taking a larger stake in China’s economy and hand out privileges to domestic firms. Europe is increasingly occupied by achieving “strategic autonomy” and to create European champions at the expense of competition. Old and disreputed...
Corporate tax laws vary significantly between different jurisdictions. Over the past four decades, governments globally competed for business activity by lowering statutory and effective corporate tax rates. Many governments provide special tax incentives for businesses to invest and expand employment. Special economic zones often grant full corporate tax exemptions to stimulate commercial development. Corporate income tax incentives for research and development activities are common across...
You are kindly invited to the biennial conference of the National Bank of Belgium, which is taking place on 22 and 23 October 2020 as a virtual conference. Climate change and the required transition to more efficient and sustainable energy use poses many challenges for society. There is still enormous uncertainty associated with this process and the related changes in policy, technology and sentiment. This uncertainty...
The OECD has released the outcomes of the third phase of peer reviews of the BEPS Action 13 Country-by-Country (CbC) reporting initiative, demonstrating strong progress in continuing efforts to improve the taxation of multinational enterprises (MNEs) worldwide. CbC reporting, one of the four minimum standards of the BEPS Project, requires tax administrations to collect and share detailed information on all large MNEs doing business in...
The OECD has released the outcomes of the third phase of peer reviews of the BEPS Action 13 Country-by-Country (CbC) reporting initiative, demonstrating strong progress in continuing efforts to improve the taxation of multinational enterprises (MNEs) worldwide. CbC reporting, one of the four minimum standards of the BEPS Project, requires tax administrations to collect and share detailed information on all large MNEs doing business in...
Wondering how taxation can support growth in a post-COVID world? Concerned about the thin line between healthy tax competition and aggressive tax policies? Advocating for less red tape and more tax compliance? Then join Commissioner Paolo Gentiloni, German Minister for Finance Olaf Scholz, MEP Irene Tinagli, as well as NGO and business representatives, for an interactive 2-hour digital event on the challenges and opportunities of...
Wondering how taxation can support growth in a post-COVID world? Concerned about the thin line between healthy tax competition and aggressive tax policies? Advocating for less red tape and more tax compliance? Then join Commissioner Paolo Gentiloni, German Minister for Finance Olaf Scholz, MEP Irene Tinagli, as well as NGO and business representatives, for an interactive 2-hour digital event on the challenges and opportunities of...
You will find here the Council conclusions on the future evolution of administrative cooperation in the field of taxation in the EU, which were approved by the Council by a written procedure which was completed on 29 May 2020 (CM 2382/20). The Council: WELCOMES the Commission evaluation of Council Directive 2011/16/EU on administrative cooperation in the field of taxation and TAKES NOTE of...
Recovery from the profound impacts of the COVID-19 pandemic on people's lives, jobs, businesses and the wider economy is likely to be lengthy, challenging and multifaceted, with tax administrations playing a critical role in restoration planning, according to a new OECD report. Tax Administration Responses to COVID-19: Recovery Period Planning, a report prepared by the OECD's Forum on Tax Administration (FTA) in co-operation with the...
With global economic activity facing a historic drop and government spending rising dramatically, the implications of the Covid-19 crisis on public finances and tax revenues are significant. Drawing on its multi-disciplinary expertise, the OECD is deploying its data gathering and analytical capacities to help governments face these unprecedented challenges while supporting businesses and people towards economic recovery. Today’s OECD Tax Talks webcast provided a full...