OECD Release Economic Survey of Korea

Categories: Taxation in South Korea

The Organization for Economic Cooperation and Development (OECD) has released its bi-annual economic survey of Korea, which praises the nation for its strong recent economic performance, and recommends areas with potential for long and mid-term improvement. On June 15th the OECD released Economic Survey of Korea 2010, the latest economic analysis of the nation. The [...]

The Organization for Economic Cooperation and Development (OECD) has released its bi-annual economic survey of Korea, which praises the nation for its strong recent economic performance, and recommends areas with potential for long and mid-term improvement. On June 15th the OECD released Economic Survey of Korea 2010, the latest economic analysis of the nation. The report commends Korea for having one of the strongest post-2008 recoveries in the OECD, which was attributed to outstanding export performance and the largest fiscal stimulus package among ... Read More

Fuel Subsidies Are a Preferential Tax Treatment

Categories: International Tax Cooperation

According to the OECD, fuel subsidies are a form of preferential tax treatment and need to be addressed by Governments worldwide. The phasing out of worldwide fuel subsidies would be a cost-effective measure to meet environmental protection targets set out during the UN climate conference in Copenhagen. On June 9th the Organization for Economic Cooperation [...]

According to the OECD, fuel subsidies are a form of preferential tax treatment and need to be addressed by Governments worldwide. The phasing out of worldwide fuel subsidies would be a cost-effective measure to meet environmental protection targets set out during the UN climate conference in Copenhagen. On June 9th the Organization for Economic Cooperation and Development (OECD) released a statement regarding an analysis of new fuel use and fuel subsidy data released by the International Energy Agency (IEA). According to the OECD, ... Read More

OECD and COE to Amend International Tax Treaty

Categories: International Tax Cooperation, Offshore Banking, Offshore Taxation, Taxation in Belgium, Taxation in France, Taxation in Iceland, Taxation in Italy, Taxation in Netherlands, Taxation in Norway, Taxation in Sweeden, Taxation in UK, Taxation in USA

An agreement has been reached by the Organization for Economic Cooperation and Development (OECD) and the Council of Europe to amend the Convention on Mutual Administrative Assistance in Tax Matters (CMAAT). On April 6th the OECD and Council of Europe released a media statement announcing that the CMAAT will be updated in order to bring [...]

An agreement has been reached by the Organization for Economic Cooperation and Development (OECD) and the Council of Europe to amend the Convention on Mutual Administrative Assistance in Tax Matters (CMAAT). On April 6th the OECD and Council of Europe released a media statement announcing that the CMAAT will be updated in order to bring it up to currently agreed upon standards of international tax transparency. The Convention, opened for signing in 1988, is an international framework which provides facilitation of multinational exchange ... Read More

International Tax Transparency Reviews Start

Categories: International Tax Cooperation, Taxation in Australia, Taxation in Canada, Taxation in Cayman Islands, Taxation in EU, Taxation in Germany, Taxation in India, Taxation in Ireland, Taxation in Monaco, Taxation in Norway

The international fight against cross-border tax evasion has taken a step forward with the initiation of a peer review group which aims to assess the progress made by nations in implementing internationally agreed standards of tax transparency. On March 18th the Organization for Economic Cooperation and Development (OECD) announced the initiation of the first step [...]

The international fight against cross-border tax evasion has taken a step forward with the initiation of a peer review group which aims to assess the progress made by nations in implementing internationally agreed standards of tax transparency. On March 18th the Organization for Economic Cooperation and Development (OECD) announced the initiation of the first step in the most extensive and through international tax transparency assesment process that has ever been undertaken. Eighteen nations from the 91 participating members of the Global Forum on ... Read More