Harmful Tax Practices - 2020 Peer Review Reports on the Exchange of Information on Tax Rulings / Organisation for Economic Co-operation and Development.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author, issuing body.

Language:

English

Subjects (All):

Taxation.

Physical Description:

1 online resource (444 pages) : illustrations

Place of Publication:

Paris : OECD Publishing, 2021.

Summary:

BEPS Action 5 is one of the four minimum standards which all members of the OECD/G20 Inclusive Framework on BEPS have committed to implement. One part of the Action 5 minimum standard is the transparency framework for compulsory spontaneous exchange of information on certain tax rulings which, in the absence of transparency, could give rise to BEPS concerns. 140 jurisdictions have joined the Inclusive Framework and take part in the peer review to assess their compliance with the transparency framework. Specific terms of reference and a methodology have been agreed for the peer reviews to assess a jurisdiction's implementation of the minimum standard. The review of the transparency framework assesses jurisdictions against the terms of reference which focus on five key elements: i. information gathering process, ii. exchange of information, iii. confidentiality of the information received; iv. statistics on the exchanges on rulings; and v. transparency on certain aspects of intellectual property regimes. The reviews of confidentiality of the information received defer to the work of the Global Forum on Transparency and Exchange of Information for Tax Purposes and the outcomes of that work are not published. Recommendations are issued where improvements are needed to meet the minimum standard. This report reflects the outcome of the annual peer review of the implementation of the Action 5 minimum standard and covers 131 jurisdictions. It assesses implementation for the 1 January - 31 December 2020 period.

Contents:

Hungary

Foreword

Malta

Gabon

Georgia

Belgium

Japan

Viet Nam

Chile

Cabo Verde

Colombia

Introduction

Norway

Argentina

China (People's Republic of)

Namibia

Liechtenstein

Sint Maarten

Burkina Faso

Netherlands

Slovenia

Greece

Bosnia and Herzegovina

Czech Republic

Executive summary

Aruba

Ireland

Seychelles

Abbreviations and acronyms

Lithuania

Portugal

Congo

Singapore

Israel

Jersey

Italy

Hong Kong (China)

Albania

Benin

South Africa

Sri Lanka

Botswana

Mauritius

France

Croatia

Dominican Republic

Saint Lucia

Jordan

Poland

Mexico

Iceland

Kenya

Senegal

Estonia

Costa Rica

Guernsey

India

United Kingdom

Turkey

Spain

San Marino

Ukraine

Democratic Republic of Congo

Malaysia

Gibraltar

Switzerland

Canada

Brunei Darussalam

Korea

Philippines

Jamaica

Indonesia

Saint Kitts and Nevis

Germany

Brazil

Angola

Antigua and Barbuda

Finland

Faroe Islands

United States

Thailand

Andorra

New Zealand

Romania

Kazakhstan

Luxembourg

Eswatini

Sweden

Peru

Qatar

Barbados

Australia

Armenia

Egypt

Austria

Curaçao

Morocco

Latvia

Slovak Republic

Grenada

Uruguay

Russia

Isle of Man

Denmark.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-62275-6