The OECD inclusive framework has released the results of 11 preferential regime reviews in connection with BEPS Action 5 (harmful tax practices), updating the October 2017 progress report. These show:
The United Arab Emirates has become the 116th country to join the OECD’s inclusive framework on BEPS. Other joiners since November 2017 are: Bahrain, Saint Lucia, Anguilla, Serbia, Mongolia, Zambia, Bahamas, Trinidad and Tobago, Qatar, and Saint Kitts and Nevis.
Tax Journal's recent commentary on digital tax reform.
Alenka Turnsek (PwC) examines key points arising from OECD’s report.
The European Commission’s 2018 ‘European semester winter package’ has identified harmful tax practices in seven EU member states. A new taxation paper also provides evidence of aggressive tax planning structures in use.
ECOFIN ministers have agreed the European Commission’s proposal for new disclosure and reporting rules for intermediaries, such as tax advisers, accountants and lawyers, involved the design and promotion of ‘aggressive’ cross-border tax planning schemes.