The document summarizes discussions from an OECD Tax Talks event on international tax issues. It provides updates on the implementation of the BEPS project including country progress, guidance development, and the establishment of an inclusive framework for monitoring and peer review. It also discusses developments in tax transparency, such as the increasing number of countries committing to automatic information exchange. Finally, it outlines collaboration between organizations on domestic resource mobilization and next steps for the international tax agenda.
1 of 23
Download to read offline
More Related Content
OECD Tax Talks #1 - 16 June 2016
1. OECD Tax Talks
CENTRE FOR TAX POLICY AND ADMINISTRATION
16 June 2016
2:00pm – 3:00pm (CEST)
3. Update on international tax agenda
Presented by Pascal Saint-Amans, Director of the Centre for Tax Policy and
Administration
BEPS package
Presented by Achim Pross, Head of International Co-operation and Tax Administration
Domestic resource mobilisation &
collaboration of international organisations
Presented by Ben Dickinson, Head of Tax and Development Programme
3
Today’s topics and speakers
4. Update on the BEPS Project
Tax transparency
Forum on Tax Administration
G20 Tax Policy Symposium
4
UPDATE ON THE
INTERNATIONAL TAX
AGENDA
5. • Actions 8-10 implemented
(incl. update of the Transfer Pricing Guidelines, 23 May 2016)
• Countries have started implementation
– For example on Country-by-Country Reporting, Hybrid Mismatches and Preferential regimes
• The EU action: mandatory exchange of rulings; Country-by-Country Reporting; and the draft
Anti-Tax Avoidance Directive
• The Multilateral Instrument on BEPS tax treaty-related measures is well underway:
– 96 countries are participating in its negotiation, covering more than 2000 bilateral treaties
– 31 May 2016, Discussion draft released
– 7 July 2016, Public consultation to be held
5
Implementation of the BEPS Project
6. What is the inclusive framework?
• Opening of the Committee on Fiscal Affairs (CFA) to
interested and committed countries and jurisdictions
• Members participate on an equal footing in the decision-
making body (CFA) and the technical working groups
6
Implementation of the BEPS Project contd.
6
7. • The inclusive framework:
– standard-setting
– review and monitor the implementation of the
BEPS package
– support implementation
• 8 toolkits are being developed
• Further guidance on CBCR implementation
• First meeting in Kyoto: 30 June – 1 July
7
Implementation of the BEPS Project contd.
8. • Latest countries to commit to implementing automatic exchange of
information (CRS): Bahrain, Lebanon, Nauru, Panama and Vanuatu
– Now 101 countries and jurisdictions committed for 2017 or 2018
• Multilateral Competent Authorities Agreement on Automatic Exchange of
Financial Account Information:
– 82 jurisdictions have signed
– Russian Federation and Israel are the most recent signatories
8
Tax transparency
9. • New Global Forum members: Lebanon and Paraguay
– Now 134 members
• Multilateral Convention on Mutual Administrative Assistance in Tax Matters:
– 96 Countries and Jurisdictions participate
– Jamaica and Uruguay are the most recent signatories
– A further 4 countries will sign soon, with an additional 6 countries
recently expressing their interest to join.
9
Tax transparency contd.
10. • New G20 mandates, April 2016:
– The OECD to establish objective
criteria by July 2016 to identify non-cooperative
jurisdictions with respect to tax transparency
– The Global Forum and the Financial Action Task Force to
make initial proposals by October 2016 on ways to
improve the implementation of international standards on
transparency
Increasing focus on beneficial ownership information
10
Tax transparency contd.
11. • 44 tax commissioners met in Beijing, China, in May
2016
• JITSIC collaboration to tackle Panama Papers
• Common Transmission System for tax authorities to
exchange information
11
Forum on Tax Administration
12. • 23 July 2016
• Ministerial-level
• Exploring tax policy’s role in
– Achieving innovation-driven and inclusive growth
– Increasing tax certainty to promote trade and
investment in a world where value creation is
changing
12
G20 Tax Policy Symposium
14. • What is BEPS peer review?
– Peer Review of jurisdictions to assess their
compliance with the 4 BEPS minimum standards
– Terms of reference and assessment
methodologies for reviews to be defined for each
minimum standard
– Public reporting of outcomes
14
BEPS Actions: Peer review
15. • Gathering data on the implementation of the other
elements of the BEPS package
• Including on the impact of BEPS and measures to
counter-BEPS (Action 11)
• Continuation of Task Force on the Digital Economy
(Action 1)
15
BEPS Actions: Monitoring
17. • Multilateral Competent Authorities Agreement on
Country-by-Country Reporting signed by 39
jurisdictions
• Mechanism for exchanging CbC
Reports (through the Common
Transmission System)
17
Focus on: Action 13
48 jurisdictions have
either implemented or
intend to implement
legislation
18. • 20 countries
• >90% MAP cases covered
Peer review of the Minimum Standard
• Development of Terms of Reference well advanced
• Reviews expected to begin in 2016
Supplementary commitment for mandatory binding MAP
arbitration
Focus on: Action 14
20. • Platform for Collaboration on Tax
– Concept Note, 19 April 2016
– Report for G20 Finance Ministers in July with
recommendations on effective implementation
of technical assistance programs, and funding
for tax projects.
20
Domestic resource mobilisation
21. 21
Platform for Collaboration on Tax:
8 Toolkits
1. Report on Tax Incentives - delivered
2. Toolkit on Transfer Pricing Comparability
Including supplementary work on mineral pricing
3. Report on Indirect transfers of Assets
4. Toolkit on Transfer Pricing Documentation
5. Toolkit on Tax Treaty Negotiations
6. Toolkit on Base Eroding Payments
7. Toolkit on Supply Chain Management
8. Toolkit on BEPS risk assessment