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China; Council of Europe; Organisation for Economic Cooperation and Development: Ratification of Mutual Assistance Treaty on Tax Matters

(July 10, 2015) On July 1, 2015, China’s legislature, the National People’s Congress, ratified the multilateral 1988 Council of Europe – Organisation for Economic Co-operation and Development (OECD) treaty of mutual assistance in tax matters, as amended by a 2010 protocol. (China (People’s Rep.); Council of Europe; OECD: Convention and Protocol on Mutual Administrative Assistance […]

Austria; Council of Europe; Organisation for Economic Cooperation and Development: Ratification of Tax Convention

(Sept. 10, 2014) On August 28, 2014, Austria deposited its instrument of ratification of the Convention on Mutual Administrative Assistance in Tax Matters. The Convention and its amending Protocol will enter into force for Austria in three months, on December 1. (Convention and Protocol on Mutual Administrative Assistance in Tax Matters – Austria Deposits Instruments […]

Organisation for Economic Cooperation and Development: Convention on Mutual Administrative Assistance in Tax Matters

(Nov. 16, 2011) During the G20 summit that took place in Cannes on November 3 and 4, 2011, 13 of the G20 countries signed the Convention on Mutual Assistance in Tax Matters, as amended by the Protocol of 2010 (South Africa: State Signs Convention on Tax Matters, ALLAFRICA.COM (Nov. 4, 2011)). This Protocol, which entered […]

Organisation for Economic Cooperation and Development: First International Tax and Crime Conference

(Mar. 28, 2011) The first international Tax and Crime Conference was held in Oslo from March 21-23, 2011. Hosted by the Norwegian government, the conference was organized by the Organisation for Economic Co-operation and Development. (Luis Nouel, Tax and Crime Conference, Oslo (21-23 March 2011), TAX NEWS SERVICE (Mar. 25, 2011), International Bureau of Fiscal […]

Organisation for Economic Cooperation and Development: New Study on Voluntary Disclosure of Offshore Assets

(Nov. 8, 2010) In September 2010, the Organisation for Economic Co-operation and Development (OECD) issued a new study on programs for the voluntary disclosure of offshore undisclosed income and/or assets under the tax administrations of various countries. (OECD, OFFSHORE VOLUNTARY DISCLOSURE: COMPARATIVE ANALYSIS, GUIDANCE AND POLICY ADVICE (Sept. 2010), http://www.oecd.org/dataoecd/60/31/46244704.pdf.) As the Foreword and Introduction […]

Organisation for Economic Cooperation and Development: Model Tax Convention Updated

(July 26, 2010) The Council of the Organisation for Economic Co-Operation and Development (OECD) approved an update to the OECD Model Tax Convention on July 22, 2010. The last update was made in 2008. As had been anticipated in the draft version of the 2010 update, a key change is the replacement of article 7 […]

Organisation for Economic Cooperation and Development: Estonia, Israel, Slovenia, Invited to Become Members

(May 20, 2010) Members of the Organisation for Economic Co-operation and Development (OECD) agreed on May 10, 2010, to invite Estonia, Israel, and Slovenia to join the global body. The special welcoming ceremony will take place at the annual meeting of the OECD ministerial-level council, scheduled to take place in Paris on May 27. According […]

Organisation for Economic Cooperation and Development: Tax Code of Conduct for Banks Being Drafted

(Apr. 2, 2010) It was announced on March 29, 2010, that the Organisation for Economic Co-Operation and Development (OECD) is in the early stages of drafting a tax code of conduct for banks, a project in which six members of the OECD's Forum on Tax Administration (FTA) will participate. The six countries are Australia, Italy, […]

Organisation for Economic Cooperation and Development: Peer Review to Combat Cross-Border Tax Evasion

(Apr. 2, 2010) Member countries of the Global Forum on Transparency and Exchange of Information (GFTEI) of the Organisation for Economic Co-operation and Development (OECD) have recently launched a new peer review mechanism to help combat cross-border tax evasion. The first group of 18 jurisdictions to implement the process includes: Australia, Barbados, Bermuda, Botswana, Canada, […]

Organisation for Economic Cooperation and Development: Proposed Changes to Model Tax Convention Commentary and Other Developments

(Feb. 18, 2010) Publication of Comments on Model Tax Convention Commentary and Proposed New Article 7 In late November and early December 2009, the Committee on Fiscal Affairs of the Organisation for Economic Co-operation and Development (OECD) released for public comment several draft documents containing proposed changes to the Commentary on the OECD Model Tax […]