OECD Publishes Report On Tax Certainty And Other Subjects

The OECD published an OECD Secretary-General Report to G20 Finance Ministers that consists of the latest developments in the international tax agenda and an IMF/OECD report for G20 finance ministers on tax certainty. The report also includes a Progress Report to the G20 by the Global Forum on Transparency and Exchange of Information for Tax Purposes.

IMF/OECD Report on Tax Certainty

The OECD/IMF report explores the nature of tax uncertainty, its main sources and effects on business decisions and outlines a set of concrete and practical approaches to help policymakers and tax administrations shape a more certain tax environment. The report highlights that there is risk of uncertainty discouraging investment.

The report concludes that uncertainty in the corporate income tax and the VAT systems is reported by business as having an important influence on investment and location decisions. According to businesses, issues related to tax administration were ranked as among the major drivers of uncertainty in tax systems. On the other hand, tax administrations identified taxpayer behavior as an important source of uncertainty. The report further provides insights into other sources of uncertainty and elaborates on practical tools to enhance tax certainty.

OECD Secretary-General Report to G20

The first part of this report also includes an update on:

  • The G20/OECD Inclusive Framework on BEPS implementation;
  • Tax transparency, in particular on automatic exchange of information; and
  • Tax and development.

The second part is a progress report by the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Sources: IMF/OECD Report, OECD Report to G20

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