OECD reports on international tax trends
KPMG Insights reports on a recent OECD publication that examines tax reforms in various countries. According to the OECD, reforms have been used in many jurisdictions to lower taxes on businesses and individuals, in a continuation of ongoing trends. The report, Tax Policy Reforms 2018, describes the latest tax policy changes in 35 OECD member-countries, as well as Argentina, Indonesia, and South Africa. It identifies major taxation trends and says that fiscal policies of economic stimulus have become notable. The report notes that significant tax reform packages were introduced in the United States, Argentina, France and Latvia, while other countries have introduced tax measures in a more piecemeal fashion.
According to the OECD:
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Information is current to September 11, 2018. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500