As a follow-up to BEPS Action 13, the OECD/G20 Inclusive Framework on BEPS has released additional interpretative guidance on the implementation and operation of Country-by-Country Reporting (CbCR). The new guidance is intended to provide improved tax certainty for tax administrations and MNEs, and addresses automatic exchange concerning local filings of Country-by-Country reports. Ref. CFE’s Tax […]
CFE Response to the OECD Consultation on the Global Anti-Base Erosion Proposal under Pillar Two
Ref.: The Office Team at CFE Tax Advisers Europe, newsletter by e-mail
Public Consultations on OECD Two-Pillar Approach for Taxation of Digitalising Economy
In November, the OECD held a public consultation in Paris on its proposals for taxation of the digitalising economy on the basis of the ‘unified approach’ under Pillar One. Under the proposed approach, new taxation rights for market jurisdictions are recognised as a matter of novelty. The new rules are intended to apply to companies […]
OECD Meeting on Pillar One: Stakeholders’ Input on the OECD Secretariat Proposals
A public consultation took place at the OECD in Paris on 21 November, with 450 stakeholders in attendance, 300 of which submitted written responses to the OECD Secretariat proposal on the unified approach. Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration confirmed that the work at government representative level is ongoing, […]
EU ‘Blacklist’ Guidance on Foreign-Source Income Exemption Regimes
In the context of the EU evaluation of tax good governance standards by third countries and the list of non-cooperative jurisdictions for tax purposes performed by the Code of Conduct Group (Business Taxation), the Council of the EU published Guidance on foreign source income exemption regimes. The published EU guidelines aim to help third countries […]