A comprehensive list of all the developments in international tax treaties in the first three months of 2020, including Qatar and Saudi Arabia’s adoption of the principle purpose test in its treaties with the UK.
ICAEW's Tax Faculty produces TAXguides to provide practical support on technical areas of tax
TAXguide 02/17 provides an analysis of the developments in the international tax regime during 2016, including: the impact of Brexit, the OECD BEPS actions and UK changes; the problem of state aid, European Parliament investigations and the Panama papers. Read a summary here, Tax Faculty members can download the full guide.
Features and articles
Finance ministers from the G7 have agreed a principle that would see multinationals pay tax of at least 15% in each country they operate, but clear, worldwide consensus will be needed if it is to deliver a fair and sustainable recovery, according to ICAEW.
21 October 2020: UK digital services tax will continue for longer than originally anticipated after OECD decision to extend discussions until mid-2021 ICAEW’s Tax Faculty reports.
Lindsey Wicks and Wendy Nicholls discuss the issues surrounding BEPS 2.0, the OECD’s two-pillar approach to global tax reform
11 May: European Commission (EC) proposes three-month postponement of the exchange of information under the Directive on Administrative Cooperation (DAC6) due to the coronavirus.
Base Erosion and Profit Shifting is an issue for large multinationals isn’t it? Seamus Murphy explains the relevance of the multilateral instrument to private clients.
20 January 2020: the Organisation for Economic Co-operation and Development (OECD) has announced plans to shake up a century of international tax law. However, 12 EU states voted against rules to force big tech companies to reveal profits and tax payments in each member state. Are the Base Erosion and Profit Sharing (BEPS) proposals really the best chance of a successful global response to tax avoidance?
Politicians focus too much on the rate and not enough on the yield and wider impact of a coherent CT strategy
Ian Young looks at developments in the digital economy – both in the UK and internationally.
ICAEW's response, dated 14 December 2020, to a consultation published by OECD on 12 October 2020 outlining proposals to Pillars One and Two. The proposals focus on providing international consensus for taxing the digital economy.
A response dated 25 November 2020 to a consultation published by BEIS on 2 September 2020.
A response dated 12 November 2019 to a consultation published by OECD on 9 October 2019.
A response dated 6 March 2019 to a consultation published by OECD on 13 February 2019.
Some resources that we link to may pre-date the latest amendments to the relevant tax regulations. While these links contain useful information, please treat them with appropriate caution.
Tool that enables users to browse and filter summaries of BEPS developments by date, location and related Action.
Commentary and timeline with links to relevant documents on each BEPS action providing a detailed summary of OECD and government activity.
Background information on the Inclusive Framework on BEPS and documents relating to each of the 15 BEPS Actions to help governments tackle multinational tax avoidance strategies.
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