close
Share with your friends

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.

1000

Related content

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

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor 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 on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal

Stay up to date with what matters to you

Gain access to personalized content based on your interests by signing up today

Sign up today