The OECD’s head of the transfer pricing unit tells TP Week why the financial transactions project is the toughest challenge among the four BEPS follow-up work streams he has been focusing on.
The European Union’s Common Consolidated Corporate Tax Base (CCCTB) plan is unlikely to happen, according to some MEPs speaking to International Tax Review.
Douglas O’Donnell from the US IRS talks to TP Week about taxpayers’ fears of providing too much or too little information in their CbC reports and how the OECD’s ICAP pilot works to alleviate some concerns and uses the information received.
Officials and practitioners involved in the OECD’s International Compliance Assurance Programme (ICAP) have told TP Week that the initiative could decrease the number of new cases entering the MAP system if it is extended to all members of the BEPS inclusive framework.
German multinationals are waiting for the US Internal Revenue Service to issue guidance on the BEAT, GILTI and FDII rules before deciding how to adapt their US operations, tax experts told TP Week, but planning has begun.
The UK’s plans to remain aligned with European Union state aid rules after Brexit could put the Competition and Markets Authority (CMA) on a collision course with UK parliaments and taxpayers as it weighs in on tax rules.
The Netherlands tax authority has told TP week that it plans to report on its findings from the exchanged country-by-country data by the end of 2018, with Ireland and Germany saying they will have details early next year.
Germany is moving forward with plans to institute mandatory disclosure rules for national tax planning strategies that lack a cross-border component, and could adopt a draft proposal as soon as next month.
Germany’s new finance minister seems to have arced in terms of his political progression, starting out as a left-leaning gymnast in the 1980s and evolving into a mainstream politician whose views largely mirror those of his predecessor, Wolfgang Schaeuble.