Tax certainty remains our top priority as showcased at the Tax Certainty Roundtable in Paris on 8 July 2024. Co-organised with Business at OECD (BIAC), the roundtable brought together close to 50 government officials, business representatives and academics engaged in the tax certainty space from across the globe for an open discussion on the current landscape of tax certainty and ideas on how to make it more efficient, effective and timely. In the morning, participants discussed opportunities for effective dispute prevention and resolution through improved cooperation with the taxpayer (through co-operative compliance programmes), better risk assessment (such as through ICAP), more advanced legal certainty (through Advance Pricing Arrangements (APAs)), more efficient audit practices (reducing disputes or through joint audits) and finally better dispute resolution through MAP, which could be supported by mandatory binding arbitration, where disputes arise despite these efforts. In the afternoon, breakout sessions were organised to allow small multi-stakeholder groups of participants to brainstorm best practices and solutions for issues brought to light during the morning session. Many thanks to Business at OECD (BIAC) and to all the participants for contributing towards more efficient tax certainty for all stakeholders involved. #taxcertainty #OECDtax #OECD #taxation #internationaltax #taxpolicy #Action14 #MAP #APA #OECDICAP #BIAC
Creating the P2 monster is an exponential increase of tax uncertainty 😱.
Can someone explain why 140 countries are able to agree on complex frameworks re P1 and P2 but not on a simple framework for binding mandatory arbitration? Is it because tax disputes cross borders (read double taxation) are created by countries themselves, hence less interested in solving them? Such arbitration would stimulate and accelerate global economic growth since fear of double tax disappears.
One of the canons of taxation as suggested by Adam Smith is canon certainty . Efforts to bring certainity in tax system is appropriable
Superb! And nice to see some familiar faces😊
#cooperativecompliance
Interesting event
We are delighted to have co-organised this roundtable with OECD Tax today on tax certainty! 🤝