BEPS

BEPS

TaxNewsFlash-BEPS — KPMG's reports of developments of interest to multinationals on the OECD's base erosion and profit shifting (BEPS) initiative and tax transparency.

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BEPS Action 13: Latest country implementation update

Updated weekly, this summary report in table format offers a snapshot of implementation of country-by-country (CbC) reporting and Master file / Local file documentation requirements around the world.

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October 2016

August 2016

25 Aug - OECD: Initial analysis of discussion draft, branch mismatch structures

25 Aug - OECD: Public comments, group ratio rule under BEPS Action 4

24 Aug - U.S. Treasury “white paper” on EC’s state aid investigations of transfer pricing rulings

24 Aug - OECD: Comments on proposed amendments, OECD Transfer Pricing Guidelines

22 Aug - Liechtenstein: Automatic exchange of country-by-country reporting

22 Aug - OECD: Discussion draft, branch mismatch structures under BEPS Action 2

18 Aug - Czech Republic: Automatic exchange of APAs, country-by-country reporting proposals

16 Aug - Israel: Country-by-country reporting, transfer pricing documentation in budget plan

11 Aug - Nigeria: Country-by-country reporting, implementation moves forward

9 Aug - Canada: Discussion, observations about country-by-country reporting proposal

8 Aug - Asia Pacific: Country-by-country reporting, status update for region

8 Aug - EU: Country-by-country reporting—an EU perspective

5 Aug - Australia: Review of transfer pricing developments since 2012; plans for more BEPS changes

5 Aug - Luxembourg: Draft law for country-by-country reporting submitted to Parliament 

3 Aug - Canada: Country-by-country reporting requirements in draft legislative proposals

1 Aug - KPMG report: Discussion draft on approaches to address BEPS involving Interest in banking and insurance sectors

1 Aug - KPMG report: Indirect tax implications of BEPS project

1 Aug - Korea: Revised legislation, transfer pricing and country-by-country reporting rules

August 2015

27 Aug - US tax committee chairs question country-by-country reporting

24 Aug - China: Managing IP tax challenges in BEPS environment

20 Aug - Korea: Law to implement BEPS-related transfer pricing requirements

14 Aug - UK: Common framework for disclosing tax information

12 Aug - Australia: Country-by-country reporting update

7 Aug - Australia: Proposed CbC, transfer pricing documentation requirements

 

July 2015

17 Jul - Finance chairman expresses concerns with BEPS project

 

June 2015

30 Jun - OECD: BEPS status, as of June 2015

19 Jun - OECD: Comments, BEPS Action 8 (hard-to-value intangibles) discussion draft

18 Jun - OECD: Comments, discussion draft BEPS Action 6 (treaty abuse)

17 Jun - EU: Plan to curb corporate tax avoidance

15 Jun - OECD: Comments, BEPS Action 7 discussion draft (PE status)

11 Jun - OECD webcast provides BEPS status update

8 Jun - OECD: Implementation package for BEPS country-by-country reporting

5 JunOECD: Initial impressions, BEPS Action 8 (hard-to-value intangibles)

4 Jun - OECD: Discussion draft, BEPS Action 8 (hard-to-value intangibles)

1 Jun - OECD: Comments on BEPS Action 8 (cost contribution arrangements)

 

May 2015

28 May - OECD: Developing BEPS multilateral instrument

27 May - KPMG report: Revised discussion draft, BEPS Action 7 (artificial avoidance of PE status)

22 May OECD: Revised discussion draft, BEPS Action 6 (treaty abuse)

20 May - Tax treaty update: Proposed revisions to U.S. Model Tax Convention

15 May - BEPS: Action 7 preventing artificial avoidance of PE status

13 May - Australia: Transfer pricing-related measures in federal budget 2015

5 May - OECD: Discussion of BEPS Action 8 (cost contribution arrangements)

1 May - BEPS: KPMG comment letters on Actions 3 and 12

 

April 2015

29 Apr - OECD: Discussion draft, BEPS Action 8 (cost contribution arrangements)

27 Apr - OECD: BEPS Action 11 (improving analysis of BEPS)

20 Apr - KPMG report: Initial analysis of BEPS Action 3, (strengthening CFC rules) discussion draft

16 Apr - OECD: Discussion draft, BEPS Action 11 (improving BEPS analysis)

9 Apr - BEPS: Initial impressions of discussion draft (Action 12)

3 Apr - OECD: Discussion draft, BEPS Action 3 (CFC rules)

1 Apr - China: Guidance clarifying international tax rules, tax treaties

 

March 2015

31 Mar - OECD: Discussion draft, BEPS Action 12 (mandatory disclosure rules)

31 Mar - Spain: Enhanced documentation, reporting proposed; following BEPS Action 13

20 Mar - UK: Diverted profits tax, final legislation next week

18 Mar - EU: Tax transparency package, corporate tax avoidance

 

February 2015

25 Feb - Canada: Intercompany management fees

20 Feb - OECD: Agreement on modified nexus approach for IP regimes

19 Feb - OECD: Consultation on transfer pricing, 19-20 March

12 Feb - OECD: Transfer pricing documentation, country-by-country reporting

11 Feb - OECD: BEPS Action 4, public comments

10 Feb - OECD: BEPS comments, transfer pricing guidelines

9 Feb - OECD: Comments on BEPS Action 4

6 Feb - OECD: BEPS implementation update

6 Feb - OECD: Update on BEPS country-by-country reporting

 

January 2015

23 Jan - Ireland: BEPS and Irish business

23 Jan - OECD: Public consultation, BEPS Action 14 (dispute resolution)

22 Jan - OECD: Public consultations on BEPS Actions 6, 7

20 Jan - OECD: Comments concerning BEPS Action 10 (low value-adding services)

19 Jan - OECD: Comments concerning BEPS Action 14 (dispute resolution)

19 Jan - Australia: Arm’s length consideration and related-party loan

12 Jan - OECD: Comments on BEPS Actions 6 and 7

6 Jan - Japan: Tax reform proposals of new government coalition

OECD BEPS Action Plan

The global campaign to address tax base erosion and profit shifting (BEPS) is in full swing, dramatically changing the Tax landscape.

 
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