The ITPF News Blog is managed by the students at the University of Florida Levin College of Law International Tax LLM Program.
By Alex M. Parker
An under-the-radar proposal from the Organization for Economic Cooperation and Development to stem income shifting could require a new degree of information sharing, something experts say would be either a difficult obstacle or a new chapter in the world’s shift toward tax transparency. The OECD’s proposal, part of its sweeping digital tax project, is similar to the 2017 U.S. base erosion and anti-abuse tax and would aim to reduce deductions on payments meant to shift income out of a jurisdiction. But, unlike the BEAT, it would hinge on a calculation of how much the payment is taxed in the receiving jurisdiction.
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