The OECD has confirmed that the main 2015 BEPS proposals from G20/OECD are due to be delivered in October. In giving evidence on the topic of corporate tax avoidance to the Australian Parliament’s Economics References Committee, Pascal Saint-Amans, director of the OECD’s centre for tax policy and administration, said that the action statement on BEPS policy would be finalised ‘on 8 October 2015, like all the others. We have just one deadline to present a comprehensive package’.
In related news, The OECD has published a discussion draft on BEPS action 3 (strengthening CFC rules) for consultation until 1 May 2015. The discussion draft:
considers all the constituent elements of CFC rules, breaks them down into the ‘building blocks’ that are necessary for effective CFC rules and sets out the OECD’s recommendations; and
identifies specific questions where input is required in order to advance the work on CFC rules.
This follows the announcement last week that work will now start on implementing the OECD's plans to enhance information exchange, with the Forum on Tax Administration developing a framework for co-operation between tax administrations. The received comments will be discussed at a public consultation on 12 May 2015.
The OECD has confirmed that the main 2015 BEPS proposals from G20/OECD are due to be delivered in October. In giving evidence on the topic of corporate tax avoidance to the Australian Parliament’s Economics References Committee, Pascal Saint-Amans, director of the OECD’s centre for tax policy and administration, said that the action statement on BEPS policy would be finalised ‘on 8 October 2015, like all the others. We have just one deadline to present a comprehensive package’.
In related news, The OECD has published a discussion draft on BEPS action 3 (strengthening CFC rules) for consultation until 1 May 2015. The discussion draft:
considers all the constituent elements of CFC rules, breaks them down into the ‘building blocks’ that are necessary for effective CFC rules and sets out the OECD’s recommendations; and
identifies specific questions where input is required in order to advance the work on CFC rules.
This follows the announcement last week that work will now start on implementing the OECD's plans to enhance information exchange, with the Forum on Tax Administration developing a framework for co-operation between tax administrations. The received comments will be discussed at a public consultation on 12 May 2015.
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