The OECD Secretary-General has published an updated tax report, providing an overview of the latest developments on the OECD’s international tax agenda and the work of the Global Forum on Transparency and Exchange of Information for Tax Purposes since February 2021, which include:
in February 2021, G20 Finance Ministers unanimously agreed to continue to work towards reaching agreement by mid-2021 on the two-pillar approach to taxation of the digital economy;
further work on developing a new tax reporting framework for cryptoassets, with a view to delivering a proposal to the G20 later in 2021;
latest developments on progress with the BEPS Action 5 standard for the exchange of information on tax rulings, Action 6 minimum standard on tax treaty shopping and Action 14 stage 1 mutual agreement procedures peer review reports; and
detailed measures implemented by individual countries in response to coronavirus, including temporary reduced rates of VAT for certain sectors and increases in other taxes.
The OECD Secretary-General has published an updated tax report, providing an overview of the latest developments on the OECD’s international tax agenda and the work of the Global Forum on Transparency and Exchange of Information for Tax Purposes since February 2021, which include:
in February 2021, G20 Finance Ministers unanimously agreed to continue to work towards reaching agreement by mid-2021 on the two-pillar approach to taxation of the digital economy;
further work on developing a new tax reporting framework for cryptoassets, with a view to delivering a proposal to the G20 later in 2021;
latest developments on progress with the BEPS Action 5 standard for the exchange of information on tax rulings, Action 6 minimum standard on tax treaty shopping and Action 14 stage 1 mutual agreement procedures peer review reports; and
detailed measures implemented by individual countries in response to coronavirus, including temporary reduced rates of VAT for certain sectors and increases in other taxes.
