OECD: BEPS delivery, exchanges of information | KPMG | GLOBAL

OECD: BEPS delivery, exchanges of information, shared economy addressed

OECD: BEPS delivery, exchanges of information

The Organisation for Economic Cooperation and Development (OECD) today issued a release following a meeting of tax commissioners from 50 countries on effective delivery of the base erosion and profit shifting (BEPS) outcomes, automatic exchange of information, and tax certainty and with respect to collaboration on taxing users of the sharing economy.

1000

Related content

The OECD release notes that the topics discussed at the meeting focused on:

  • Priorities for the incoming G20 presidency—in particular, effective implementation of the BEPS outcomes, the common reporting standard (CRS) for exchange of information on offshore accounts, and actions to enhance tax certainty, including a new pilot on joint risk assessment of multinationals
  • Continuing efforts to improve tax compliance—including addressing the “shadow economy” and agreeing to collective work on options for sharing of information on payments made by online intermediaries in the sharing economy
  • Digital transformation of tax authorities through the use of new technologies, analytical tools and enhanced data sources

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor 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 on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit