The European Commission has published a ‘European taxpayers’ code’, presented as a set of non-binding guidelines, which are intended as a model for member states to follow and adapt to their own national context where necessary.
Macau (China), Mauritius and Ukraine have joined the OECD’s ‘inclusive framework’ on BEPS implementation, bringing to 90 the total number of participants.
The OECD has published the first schedule for the mutual agreement procedure (MAP) peer review and monitoring process under the BEPS action plan Action 14.
The OECD has released a group of documents that will form the basis of the mutual agreement procedure (MAP) peer review and monitoring process under Action 14 of the BEPS action plan. The MAP is the framework for resolving tax-treaty related disputes.
The documents include:
Brazil, Guernsey, Jersey, the Isle of Man and Latvia have signed the multilateral competent authority agreement (MCAA) for automatic exchange of country by country reports, bringing to 49 the total number of signatories.
Andorra has become the 86th member of the OECD’s ‘inclusive framework’ on BEPS implementation. The inclusive framework provides a forum for a broad range of countries, representing varying levels of development, to participate on an equal footing in the OECD’s committee on fiscal affairs.
The European Commission has now made available the public version of its decision issued in October 2014 to extend its formal state aid investigation into the tax rulings procedure contained within the Gibraltar corporate income tax regime (ITA 2010) in force since 2011.