Search results
Results From The WOW.Com Content Network
In contrast, the OECD has spent decades developing intellectual property as a legal and a GAAP accounting concept. [59] Ireland, who has some of the most advanced IP-based BEPS tools in the world, [60] and have the first OECD-approved IP-box, [61] has been a supporter of the OECD BEPS project (see Feargal O'Rourke quote). [62]
The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting, sometime abbreviated BEPS multilateral instrument, is a multilateral convention of the Organisation for Economic Co-operation and Development to combat tax avoidance by multinational enterprises (MNEs) through prevention of Base Erosion and Profit Shifting (BEPS).
The BEPS tools used by tax havens have been known and discussed for decades in Washington. [50] For example, when Ireland was pressured by the EU–OECD to close its double Irish BEPS tool, the largest in history, to new entrants in January 2015, [51] existing users, which include Google and Facebook, were given a five-year extension to 2020. [52]
The Organisation for Economic Cooperation and Development (OECD) published a multilateral treaty on Wednesday that would replace a hodge-podge of national digital services taxes if ratified by ...
In response to this new OECD initiative, the EU, and the French in particular, dropped their "Digital Tax" proposal in favour of allowing the OECD BEPS 2.0 initiative reach a conclusion, which it is scheduled to do by 2020. In 2021 the G20 and OECD produced a report suggesting a change in how multinational enterprises (MNE) are taxed.
The global economy must steer through a precarious recovery this year and next as inflation keeps dragging on household spending and higher interest rates weigh on growth, banks and markets. The ...
Countries need a new international pact to fix a mounting water crisis that could cut economic growth by at least 8% and put half the world's food supplies at risk by 2050, an OECD-backed ...
Hines would revisit this concept several times, [39] as would others, [40] and it would guide U.S. policy in this area for decades, including introducing the "check-the-box" [k] rules in 1996, curtailing the 2000–10 OECD initiative on tax havens, [42] and not signing the 2016 OECD anti-BEPS initiative. [43] [44]