Showing 1 - 12 of 60 blogs
October 2021
Blog
by Bob Michel & Tatiana Falcão

From October 19th to 28th, the 23rd Session of the United Nations Committee of Experts on International Cooperation in Tax Matters (‘the UN Tax Committee’) is taking place. It is the first meeting of the committee’s new membership, at which those members will determine the plan of work for their four-year term. A per usual,…

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August 2021
Blog
by Deepak Kapoor

The ‘Most Favoured Nation’ principle In international economic relations, the Most Favoured Nation (MFN) principle is the bedrock of non-discriminatory trade policy. The underlying principle is, if a country extends favourable treatment to another country on a particular subject under a given agreement, it must treat other parties to the agreement equally regarding that subject. Along similar lines, the MFN clause in tax treaties…

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June 2021
Blog
by Carlos Protto, Frederik Heitmüller, Mary Baine, Mustapha Ndajiwo, Suranjali Tandon & Yue Daisy Dai

On June 30th to July 1st, the 139 countries that are members of the Inclusive Framework on BEPS will meet online to discuss the “two pillar approach” they have been developing to reform the taxation of multinational business. The recent G7 agreement on reallocating some taxing rights for the “largest and most profitable” multinational companies…

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June 2021
Blog
by Rasmus Corlin Christensen

This weekend, the Group of Seven (G7) finance ministers completed a “historic global tax agreement,” a “seismic” and “landmark deal,” that will create an international tax system “fit for the 21st century.” Or so, at least, is the narrative presented by some of the G7 folk (most prominently UK chancellor Rishi Sunak), which has been…

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May 2021
Blog
by Sol Picciotto

Reforming global corporate taxation Proposals from the Biden administration have injected new life into the international process to reform the taxation of multinational enterprises (MNEs), but achieving a fair and effective outcome remains problematic. Greater attention must be paid to the perspective of lower-income countries and proposals they have made for more comprehensive reforms that…

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April 2021
Blog
by Michael Durst

The Biden Administration’s proposal On March 31, the Biden Administration proposed, as part of its “Made in America” tax proposals, a 21% minimum tax on affiliates of US-owned multinationals operating in countries around the world. Under the proposal, if a US-owned company operating in a foreign jurisdiction were to succeed, perhaps through avoidance devices or…

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April 2021
Blog
by Abdul Muheet Chowdhary

As the current membership of the UN Tax Committee meets for the last time this week, Abdul Muheet Chowdhary examines how it can be reformed to better serve the interests of developing countries. The UN Tax Committee Nestled within the UN’s Economic and Social Council is a little-known but vitally important subsidiary body with the…

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October 2020
Blog
by Fritz Brugger

When work on the taxation of the digital economy kicked off as part of the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project in late 2018, there seemed to be a broad agreement that international tax rules needed an overhaul to successfully tax billion dollar tech giants like Amazon, Google and Facebook. Key to this…

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October 2020
Blog
by Maarten Hietland

A vast network of tax treaties to facilitate investment When comparing countries’ foreign direct investment, you would expect the world’s largest economies to top the list. However, in this world, where businesses structure their international investments following the logic of tax minimization, the Netherlands sits firmly at the top, along with the United States and…

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August 2020
Blog
by Joy Ndubai

The increased emphasis on the role of sustainable financing to support the realisation of the Sustainable Development Goals (SDGs) in 2015 underscored a renewed initiative to enhance domestic resource mobilisation (DRM), especially in developing countries. Under target 17.1 of the SDGs, countries committed to strengthen DRM through international support to developing countries to improve, in…

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August 2020
Blog
by Dibya Prakash Behera & Hrishav Kumar

More and more countries, including developing countries, are introducing unilateral measures to adapt their corporate tax rules to a digitalising economy. For countries as varied as Kenya, India and Tunisia, this has taken the form of a tax on digital services provided by foreign companies, often referred to collectively as Digital Services Taxes (DSTs), or…

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July 2020
Blog
by Jeroen Lammers

Developing countries lose substantial revenues every year to corporate tax avoidance, exacerbated by globalization and digitalization. As part of the OECD/G20 project on addressing the tax challenges of the digitalization of the economy, the OECD secretariat have recently presented the Unified Approach (UA) to deal with the tax revenue losses from digitalization, by giving market…

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