Practical points 2019 - International taxes
Guidance from ICAEW's Tax Faculty for practitioners on the latest developments in practice, policy and legislation related to international taxes, including: base erosion profit shifting (BEPS), common reporting standard; double tax agreements; FATCA and transfer pricing. These brief practical points are published each month in the faculty's magazine TAXline.
When the OECD published its final BEPS reports at the end of 2015, it identified four minimum standards under the 15-part Action Plan:
The OECD has now published an update on its Action 5 work dealing with harmful tax practices: Harmful Tax Practices – 2018 Progress Report on Preferential Regimes. The other part of its Action 5 work is in relation to tax rulings.