OECD – Updated guidance on tax treaties and the impact of the COVID-19 pandemic

This note revisits the guidance issued by the OECD Secretariat in April 2020 on the impact of the COVID-19 pandemic on tax treaties. Unprecedented measures imposed or recommended by governments, including travel restrictions and curtailment of business operations (broadly referred to in this guidance as public health measures), have been in effect in most jurisdictions…

OECD – Guidance on the transfer pricing implications of the COVID-19 pandemic

This Guidance clarifies and illustrates the practical application of the arm’s length principle as articulated in the OECD Transfer Pricing Guidelines to the unique fact patterns and specific challenges implied by the COVID-19 pandemic. It was developed and approved by the 137 members of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (Inclusive…

TAXING ENERGY USE FOR SUSTAINABLE DEVELOPMENT: OPPORTUNITIES FOR ENERGY TAX AND SUBSIDY REFORM IN SELECTED DEVELOPING AND EMERGING ECONOMIES

Economic recovery programmes provide opportunities for countries to focus on strategies for pursuing sustainable development, while taking the necessary steps to mobilise domestic resources. Sustainable development requires an alignment between development strategies and climate change objectives. Carbon pricing and fossil fuel subsidy reform can be powerful tools to encourage low-carbon development choices and contribute to…

IMF/OECD/UN/WBG – The Platform for Collaboration on Tax. The Taxation of Offshore Indirect Transfers – A Toolkit

IMF/OECD/UN/WBG – The Platform for Collaboration on Tax. The Taxation of Offshore Indirect Transfers – A Toolkit. The tax treatment of ‘offshore indirect transfers’ (OITs) – in essence, the sale of an entity owning an asset located in one country by a resident of another – has emerged as a significant issue in many developing…