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(September 9, 2014)
Two hours prior to the Live BEPS Webcast of September 16, 2014 (See our article below), the OECD will release its first recommendations for a co-ordinated international approach to combat tax avoidance by multinational enterprises under the OECD/G20 Base Erosion and Profit Shifting (BEPS) project. The BEPS deliverables will be presented during a press conference beginning at 14.00 CET at the OECD Headquarters.
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(September 9, 2014)
On September 5, 2014 Luxembourg and France signed the 4th Protocol amending their existing agreement for the avoidance of double taxation and to arrange mutual administrative assitsance with respect to taxes on income and on capital.
Read more: Luxembourg and France sign 4th Protocol to amend their existing tax convention
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(September 8, 2014)
The Action Plan to address BEPS provides for 15 actions to be delivered by 2015, with 7 actions to be delivered in September 2014. The OECD announced that the launch of the first 7 deliverables (The Tax Challenges of the Digital Economy; Hybrid Mismatch Arrangements; Harmful Tax Practices; Tax Treaty Abuse; Transfer Pricing & Intangibles; Transfer Pricing Documentation and Country-by-Country Reporting; and The Feasibility of Developing a Mulitlateral Instrument on BEPS), together with an official Explanatory Statement, will take place on September 16, 2014. This set of agreed measures will be presented to the G20 Finance Ministers in Cairns on September 20-21, 2014 for political endorsement.
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(September 5, 2014)
The Model Tax Convention on Income and on Capital: Condensed Version (as it read on 15 July 2014) is available via the OECD iLibrary.
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(September 5, 2014)
In a Decree from September 1, 2014 (nr. BLKB2014/1054M) the Dutch Secretary of State for Finance provided further guidance on the application of the innovation box regime. The Decree discusses subjects like a.o.: Determination of an at arm's length remuneration, access criteria for the innovation box (Art. 12b, 1 DCIT Act), profits stemming from the asset (Art. 12b, 1 DCIT Act), the threshold of Art. 12b, 5 DCIT Act and avoidance of double taxation regarding royalties.
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