The OECD will have ‘plenty of economic analysis to drawn upon’ during the course of the BEPS project but there is a need for more commentary on practical questions, according to a former City tax lawyer.
The OECD has published comments received on its discussion paper on the tax challenges presented by the digital economy.
John Watson, former head of tax at Ashurst, with assistance of Martin Precious, reviews the options for reform of the international taxation of corporate profits, in view of the OECD's action plan on tackling base erosion and profit shifting.
Rupert Shiers and Michael Conlon QC set out the likely areas for dispute in direct tax, indirect tax and transfer pricing for the year ahead.
Paul Radcliffe reports on the revised deadline to reach agreement for changes to the EU Savings Directive
The OECD reports that tax revenues ‘continue bouncing back from the low levels reported in almost all countries during 2008 and 2009, at the height of the global economic crisis, according to new OECD data in the annual Revenue Statistics publication’.
A report by the House of Lords EU Committee on Economic and Financial Affairs, published on 10 December 2013, describes the financial transaction tax (FTT) ‘alive and deadly’, saying the tax would have an adverse impact on i
Chris Morgan provides an overview of recent developments, including the CJEU decision in the FII GLO, the measures announced in the Autumn Statement to tackle tax avoidance and evasion, proposed amendments to the Parent-Subsidiary Directive and updates from France, Spain and Germany.
A look back on some of this year’s key developments:
The Financial Times reported on 11 December 2013 that Finnish mobile phone giant Nokia may be hit with a tax bill totalling $1.1bn, with the Indian revenue authorities threatening to levy further charges.