Today, Qatar signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the Convention), becoming the 85th jurisdiction to join the Convention, which now covers nearly 1,500 bilateral tax treaties. Growth pick-up at its slowest pace in a decade. The OECD’s latest proposals would change little in a rigged system, says Nicholas Shaxson, author of The Finance Curse, Joining France in delaying tax would be a manifesto U-turn by Javid, but not a screeching one, Kristalina Georgieva compares today with “roaring 1920s” and criticises UK wealth gap, Influential survey reveals UK 15-year-olds reported biggest declines in life satisfaction. Today, Bosnia and Herzegovina signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the Convention), becoming the 90th jurisdiction to join the Convention, which now covers over 1 600 bilateral tax treaties. As part of continuing efforts to improve tax transparency, the Inclusive Framework on BEPS has now assessed 92 individual jurisdictions' progress in spontaneously exchanging information on tax rulings, in accordance with Action 5 of the OECD/G20 BEPS package. For Jordan, the MLI will enter into force on 1 January 2021. Losses can exceed deposits. Log in or create an account if you are not registered. The OECD Secretariat team is working full steam on the project and meetings with delegates are being held remotely. The OECD report said economic recovery remains highly uncertain as most countries are vulnerable to another spike in COVID-19 infections. Over the last 50 years, the OECD led the way on tax issues and has been at the forefront of promoting transparency and co-operation in tax matters. By continuing to use this website, you agree to our use of cookies.You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. Fiona Stanley's 2020s vision: please can we move beyond GDP? Public comments are invited on a discussion draft on financial transactions, which deals with follow-up work in relation to Actions 8-10 ("Assure that transfer pricing outcomes are in line with value creation") of the BEPS Action Plan. On 16 November 2017, an OECD delegation met Cameroon’s Minister of Finance Alamine Ousmane Mey in Yaounde to discuss progress being made in implementing the new international standards to combat tax avoidance and tax evasion. Jordan joins the international fight against tax evasion by becoming the 158th member of the Global Forum. IG Client Sentiment shows how traders are positioned in a wide range of financial assets and markets. On 14 October, the Inclusive Framework on BEPS welcomed Republic of Congo as its 87th member. Progress continues with the implementation of the BEPS package, as the OECD releases the second peer review assessing countries’ efforts to implement the Action 6 minimum standard as agreed under the OECD/G20 BEPS Project. Each report assesses a country’s efforts to implement the Action 14 minimum standard as agreed to under the OECD/G20 BEPS Project. Then there is Internet required for online learning. Peru today signed a landmark treaty to improve the international tax system. At the time of publication, the coronavirus crisis and the Black Lives Matter protests are the prominent events of 2020 so far. It outlines on the major developments in dealing with the tax challenges of the digitalised economy and the entry into force of the MLI, and shows how countries are progressing in the implementation of the BEPS package. Over 70 participants from 20 countries in Europe and Central Asia gathered Georgia for a high-level regional event on Developments in International Tax Co-operation on 17-18 July 2018. The OECD today presented to G20 finance ministers plans for a two-pronged attack on tax avoidance and evasion from both companies and individuals. Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages. The OECD is now gathering input for the BEPS Action 14 Stage 1 peer reviews of Brunei, Curaçao, Guernsey, Isle of Man, Jersey, Monaco, San Marino and Serbia, and invites taxpayers to submit input on specific MAP-related issues by 19 March 2019. Estonia becomes the 82nd jurisdiction to join the MLI. As part of BEPS Action 5 to curb harmful tax practices, jurisdictions may only maintain preferential regimes if certain "substantial activities" requirements are met. It is part of wider efforts to address some of the challenges developing countries are facing in raising revenue from their mining sectors.