A crackdown on tax avoidance in Poland has raised more money than expected and helped to balance government spending. The country is now being hailed as an example for other debt-ridden jurisdictions.
The OECD has released two new discussion drafts on permanent establishments and profit splits under the BEPS project. Tax professionals are now evaluating new clarifications while corporates are considering practical administration.
Tomas Balco has been appointed as the new head of the OECD’s Transfer Pricing Unit in the Centre for Tax Policy and Administration. He is scheduled to take up his post on September 4 2017.
Offshore companies in the British Virgin Islands own assets of more than $1.5 trillion, according to a locally-commissioned report released on Wednesday. The report claims that the zero corporation tax-jurisdiction is not a tax haven, and looks to promote the British Virgin Islands over other tax neutral jurisdictions such as Delaware. But tax justice activists point to the underlying invitation to build avoidance schemes.
The OECD’s BEPS project promises a fairy tale tax landscape with increased transparency and not a dispute in sight. But could the project in fact have the opposite effect and create more trouble for multinationals?
