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OECD: BEPS delivery, exchanges of information, shared economy addressed

OECD: BEPS delivery, exchanges of information

The Organisation for Economic Cooperation and Development (OECD) today issued a release following a meeting of tax commissioners from 50 countries on effective delivery of the base erosion and profit shifting (BEPS) outcomes, automatic exchange of information, and tax certainty and with respect to collaboration on taxing users of the sharing economy.


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The OECD release notes that the topics discussed at the meeting focused on:

  • Priorities for the incoming G20 presidency—in particular, effective implementation of the BEPS outcomes, the common reporting standard (CRS) for exchange of information on offshore accounts, and actions to enhance tax certainty, including a new pilot on joint risk assessment of multinationals
  • Continuing efforts to improve tax compliance—including addressing the “shadow economy” and agreeing to collective work on options for sharing of information on payments made by online intermediaries in the sharing economy
  • Digital transformation of tax authorities through the use of new technologies, analytical tools and enhanced data sources

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