Search results with tag "Profit shifting"
OECD/G20 Base Erosion and Profit Shifting Project OECD/G20 ...
www.oecd.orgOECD/G20 Base Erosion and Profit. Shifting Project. Explanatory Statement. 2015 Final Reports. OECD/G20 Base Erosion and Profit Shifting Project. Explanatory Statement
Tax Havens International Tax Avoidance and Evasion
sgp.fas.orgJan 06, 2022 · of a significant amount of profit shifting exists, but the revenue cost estimates vary substantially. Evidence also indicates a significant increase in corporate profit shifting over the past years. While most evidence predates the major changes in the international tax regime in 2017, one recent estimate suggests losses that may approach $80
GT/JA www.mida.gov.my (05.10.2020)
mida.gov.my1. Malaysia had joined the Inclusive Framework (IF) on Base Erosion and Profit Shifting (BEPS) in January 2017 and became a BEPS Associate under the IF. As a BEPS Associate and a member of the Forum on Harmful Tax Practices (FHTP), Malaysia has to comply with the ‘Base Erosion Profit Shifting (BEPS)
Tax Havens: International Tax Avoidance and Evasion
fas.orgCorporate tax reductions arising from profit shifting also have been estimated. As discussed below, estimates of the revenue losses from corporate profit shifting vary substantially, ranging from about $10 billion to about $90 billion, or even higher.4 This activity appears to …
OECD/G20 Base Erosion and Profit Shifting Project …
www.oecd.orgAddressing base erosion and profit shifting is a key priority of governments around the . globe. In 2013, OECD and G20 countries, working together on an equal footing, adopted a 15-point Action Plan to address BEPS. Beyond securing revenues by realigning taxation with economic activities and value creation,
OECD/G20 Base Erosion and Profit Shifting Project Transfer ...
www.chinatax.gov.cnOECD/G20 Base Erosion and Profit Shifting Project Transfer Pricing Documentation and Country‑by‑Country Reporting, Action 13 ‑ 2015 Final Report
Economic substance in the Cayman Islands
www.mourant.comoffshore structures that generate profits without real economic activity. The Substance Act also reflects Cayman's commitment as a member of the OECD's Inclusive Framework on Base Erosion and Profit Shifting (BEPS) and, in particular, BEPS Action 51. The inclusion of partnerships within the scope of the Substance Act was recently enacted by the
Top 10 internal audit focus areas for technology companies
assets.kpmgBase Erosion & Profit Shifting and global tax reform 6 Data governance 7 System implementation and upgrades: transitioning ... The recent trend in divestitures in the technology industry has led to major ... BEPS is the use of tax planning by multi-national companies to shift profits from jurisdictions companies. 07. 10. Top 10 internal audit ...
Multilateral Convention to Implement Tax Treaty-Related ...
www.oecd.orgMindful that base erosion and profit shifting (hereinafter referred to as “”BEPS) is a pressing issue not only for industrialised countries but also for emerging economies and developing countries; Recognising the importance of ensuring that profits are taxed where substantive economic activities
GUIDELINES ON MSC MALAYSIA FINANCIAL INCENTIVES …
mdec.myJan 01, 2019 · monthly base salary of RM5k (6) Annual operating expenditure and investment in fixed asset RM3.5mil RM1mil data centre: RM10mil 3 The incentive is designed to be consistent with the minimum standards of the Organization for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) Action 5 Report.
Getting serious about intercompany accounting
www2.deloitte.comof the Base Erosion and Profit Shifting (BEPS) project, developed by the Organisation for Economic Co-operation and Development and the G20. The BEPS project was initiated in 2013 as a way to enable the automatic sharing of company tax information on a country-by-country basis. The final reports were issued in October 2015 and the main
Statement on a Two-Pillar Solution to Address the Tax ...
www.oecd.orgThe OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (IF) has agreed a twopillar - solution to address the tax challenges arising from the digitalisation of the economy. The agreed components of each Pillar are described in the following paragraphs.
Highlights brochure: Addressing the tax challenges arising ...
www.oecd.orgThe OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (IF) has agreed a two-pillar solution to address the tax challenges arising from the digitalisation of the economy. The agreed key components of each Pillar are described in the following paragraphs.
2020-2021 Investment Window into Indonesia (IWI)
www2.deloitte.comBEPS Base Erosion and Profit Shifting BPJS Social Insurance Administration Organization (Badan Penyelenggara Jaminan Sosial) BKPM Indonesia Investment Coordinating Board (Badan ... PKLN Offshore Commercial Loan Team (Pinjaman Komersial Luar Negeri) PLN Indonesian state-owned electricity company
Part 38-03-21 - Country-by-Country Reporting
www.revenue.ieCbC Reporting is part of Action 13 of the OECD/G20 Base Erosion and Profit Shifting (“BEPS”) Action Plan and the EU Commission’s Anti-Tax-Avoidance Package. In October 2015, the OECD/G20 published the Transfer Pricing Documentation and Country-by-Country Reporting Action 13 Final Report (the “BEPS Action 13 Final Report”). The BEPS ...
BEPS ACTION 4: INTEREST DEDUCTIONS AND …
www.oecd.orgdirected the OECD to commence work on 15 actions designed to ensure the coherence of corporate income taxation at the international level. Action 4 of this plan stresses the need to address base erosion and profit shifting using deductible
Impact on Availing Treaty Bene ts - Nishith Desai Associates
www.nishithdesai.com©Nishith Desai Associates 2017 Impact on Availing Treaty Benefits India’s MLI Positions Contents 1. INTRODUCTION 01 2. BACKGROUND TO BASE EROSION AND PROFIT SHIFTING 02
Country by Country Reporting - KPMG
home.kpmgthe digital economy and the challenges of the OECD Base Erosion and Profit Shifting (BEPS), companies are preparing for the new environment. — The landscape is changing and providing greater transparency around tax, either to tax authorities around the world and/or to the public is something companies are now preparing for.
Action 13: Country-by-Country Reporting …
www.oecd.orgOECD/G20 Base Erosion and Profit Shifting Project Action 13: Country-bountry y-C Reporting Implementation Package