On August 22, 2016 the OECD released a Public Discussion Draft titled: “BEPS Action 2 - BRANCH MISMATCH STRUCTURES”. Interested parties had until September 19, 2016 to submit their comments. On September 23, 2016 the OECD published the comments it received on the discussion draft.

The OECD published the comments it received from 17 organizations/persons in a 107 page document.

On September 23, 2016 the Swiss Federal Council issued a press release announcing that on that same date it has initiated the consultation procedure on an amendment to the Withholding Tax Ordinance. According to the Swiss Federal Council the aim of the proposed amendments is to strengthen financing activities of groups in Switzerland. The consultation period runs until December 23, 2016.

In a first reaction to the Panama Papers the German Minister of Finance came with a 10 point Action Plan in April 2016 (For more information see our article from April 12, 2016). On September 22, 2016 the German Ministry of Finance published proposals aimed at combating tax havens and letterbox firms.

The OECD has made a replay of its Tax Talks Webcast of September 22, 2016 available. During the Webcast the OECD's Centre for Tax Policy and Administration (CTPA) gave an update on a.o. below mentioned topics:

·   The International Tax Agenda;

·   A Multilateral Instrument;

·   The G20 Tax Policy Agenda;

·   Tax Policy Reforms in the OECD; and

·   What’s next?

As a reaction to the Panama Papers the European Parliament established a committee of inquiry to investigate alleged contraventions and maladministration in the application of Union law in relation to money laundering, tax avoidance and tax evasion. This money laundering, tax avoidance and tax evasion Committee or shortly PANA Committee is going to have its first real meeting on September 27, 2016.

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