The OECD has published a new Common Reporting Standard Implementation Handbook, a model protocol for extending existing TIEAs to cover automatic exchange of tax information, and a second edition of its report on voluntary disclosure programmes.
Following Tax Journal’s report, Issue 1274 on OECD new peer review reports on the implementation of the international standard for exchange of information (www.bit.ly/1Tq2ANY), British Virgin Islands (BVI) has been rated ‘largely compliant’ for its
The Australian Treasury has published a consultation on draft legislation for BEPS Action 13, transfer pricing documentation, which requires organisations with annual global revenue of A$1bn or more (approx £470m) to file an annual statement with the Commissioner of Taxation.
Shiv Mahalingham (Duff & Phelps) examines recent developments affecting transfer pricing.
The European Parliament (EP) adopted by 50 votes to 57 (with 23 abstentions) a resolution on tax avoidance and tax evasion as challenges for governance, social protection and development in developing countries.
A ‘notification of more favourable terms’ has been published by the US Treasury, which gives notice of changes to FATCA intergovernmental agreements (IGAs) that follow the model 1 IGA (for example, the British Virgin Islands IGA).
Georgia has become the latest jurisdiction to officially sign a FATCA intergovernmental agreement (IGA) with the US, based on a Model 1B IGA.
The following have been issued: