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…

OECD – COMBATTING TAX CRIMES MORE EFFECTIVELY IN APEC ECONOMIES

OECD – COMBATTING TAX CRIMES MORE EFFECTIVELY IN APEC ECONOMIES. Tax crimes, corruption, terrorist financing, money laundering, and other financial crimes threaten the strategic, political, and e conomic interests of all countries. The sums lost to illicit financial flows (IFFs), including those that derive from these crimes are vast. For example, a 2011 UNODC report…

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…

OECD – After the lockdown, a tightrope walk toward recovery

OECD – After the lockdown, a tightrope walk toward recovery. The spread of Covid-19 has shaken people’s lives around the globe in an extraordinary way, threatening health, disrupting economic activity, and hurting wellbeing and jobs.Since our last Economic Outlook update, in early March, multiple virus outbreaks evolved into a global pandemic, moving too fast across…