Public comments received on the discussion draft on Branch Mismatch Structures under Action 2 of the BEPS action plan
On 22 August 2016, interested parties were invited to provide comments on a discussion draft (French version available here) on Branch Mismatch Structures under Action 2 (Neutralising the Effects of Hybrids Mismatch Arrangements) of the BEPS Action Plan. The OECD is grateful to the commentators for their input and now publishes the comments received.
by Grover Norquist (Huffington Post)America has the highest corporate tax rate in the developed world. We do not possess “one of the highest” corporate rates. Our corporate rate is number one.America is also one of the few countries with a worldwide taxation system rather than a territorial system.
by Joe Harpaz (Forbes)That’s the question a group of attorneys representing multinational corporations recently raised at a Treasury Department hearing on the proposed changes to U.S. tax law.
by Rick MitchellThe European Commission shouldn't try to create its own transfer pricing standards in investigating whether companies received favorable tax treatment from governments in the European Union, the OECD's top tax official said.
by Amey Pramodkumar Kansara (Market Mogul)With the euphoria of the GST (India’s biggest tax reform post independence) mellowing down, attention has switched to implementation. Naturally, such a complex change is not going to be easy to implement and carries economic and political downsides if not properly executed. The Indian government wants to apply the tax by April 2017 (India’s financial year runs from April to March) to ensure the positive effects are felt before the general elections in 2019.
by Paul Hannon (Market Watch)Governments stopped raising taxes in an effort to narrow budget deficits in 2015 and switched to targeted tax cuts designed to support economic growth, the Organization for Economic Cooperation and Development said Thursday.
by William Hoke (Tax Notes)The European Commission's competition commissioner, Margrethe Vestager, on September 21 defended the commission's recent decision ordering Ireland to recover over €13 billion in illegal state aid from Apple Inc., a move that has been sharply criticized by both the Irish and U.S. governments.
by Robert Feinschreiber and Margaret KentIn this article, the authors look at the recent Tax Court opinion in Medtronic, highlighting the perils of selecting the wrong comparables and using the wrong functional analysis.
by Joe Kennedy (The Hill)Public confidence in big business ranks below every major institution in the United States except Congress, according to Gallup. So it comes as little surprise that when the European Commission ruled recently that Apple had struck what the commission characterized as an unfair tax deal with Ireland and should have to pay back $14.5 billion, many were quick to view the case as typically craven trickery by an unscrupulous multinational.