The OECD follows up on recommendations made in a 2017 peer review
The OECD has published follow-up reports previous peer reviews. These reports look at how several countries—including Canada—have implemented recommendations on how they could improve their administration of the Mutual Agreement Procedure (MAP) article of their respective tax treaties. Canada has resolved almost all previously identified deficiencies and generally meets most OECD minimum standards. To date, the OECD has published these so-called 'Stage 2' monitoring reports for Canada, Belgium, the Netherlands, Switzerland, the UK and the United States.
Download this edition of TaxNewsNOW to learn more.
Information is current to August 20, 2019. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500
© 2020 KPMG LLP, an Ontario limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.