Canada to Discuss Its Response to BEPS …Affirms Its Commitment to a Free Trade Agreement with Europe…Some Implications for OFCs

Canadian tax experts from industry and the public sector will discuss what Canada’s response should be to the OECD Base Erosion and profits Shifting (BEPS) agenda. Hosted by Bloomberg BNA and Baker and McKenzie the talks will be facilitated through two events : The 3rd Annual Global Transfer Pricing Conference: Toronto, which will take place… More Canada to Discuss Its Response to BEPS …Affirms Its Commitment to a Free Trade Agreement with Europe…Some Implications for OFCs

Africa & BEPS Value-Added: A Reality Check.

The OECD BEPS project has been marketed to developing countries, primarily those on the African Continent, as a way to re-balance the bargain often struck between government and multinationals operating in, our through their countries. BEPS, has been vociferously articulated by the OECD, international NGOS, and perhaps a little less boisterously by African governments themselves;… More Africa & BEPS Value-Added: A Reality Check.

How the OECD BEPS Project is Re-Writing International Tax Diplomacy.

  (Pascal Saint-Amans Head of the OECD Centre for Tax Policy and Administration) If you are an International Business and Financial Services Centre whose competitive advantage lies in a network of tax treaties; or you are about to develop an tax treaty network; or you are a developing country (as defined by the OECD Global… More How the OECD BEPS Project is Re-Writing International Tax Diplomacy.

UK and US Split on BEPS Implementation.

(UK PM David Cameron and US President Barrack Obama.) It is increasingly likely that the U.K. and the U.S. governments will adopt different approaches to implementing the OECD’s final package of measures to tackle base erosion and profit shifting. The UK Position The U.K. government considers an inclusive, multilateral instrument to upgrade bilateral tax treatments… More UK and US Split on BEPS Implementation.

Canada Advances Global Tax Reform Agenda in 2014 Budget

Finance Minister Flaherty’s Federal budget predicts the current deficit in finances to continue until 2016 when he expects a surplus of 6.4 billion. Like his counterparts around the world his February 11th budgetary statement focused on job creation, innovation and infrastructure. As a member of the G8, G20 and the OECD, Flaherty also addressed international… More Canada Advances Global Tax Reform Agenda in 2014 Budget

TIEAs Unworkable in Tackling Tax Evasion, Fraud and Criminality.

(Cayman Islands-Australia TIEA signing; Image:IslandJournal) Of course you already know this but for a recent illustration please read on. The Tax Information Exchange Agreement (TIEA) between the Cayman Islands and Australia is not retrospective and only applies ┬áto tax periods beginning on July 1, 2010 going forward. This is understandable of course because not only… More TIEAs Unworkable in Tackling Tax Evasion, Fraud and Criminality.