The OECD has recently released information on the two most important recent global networks of global tax information exchange. They are, respectively, the networks of exchange of country-by-country reporting (CBCR) and exchange of financial account information (through the Common Reporting Standard, CRS). These networks give a unique look into the new political economy and geography of […]
On June 4, the OECD released public comments received on Action 15 of the OECD/G2o Base Erosion and Profit Shifting (BEPS) project, which concerns the development of a multilateral instrument for modifying bilateral tax treaties in order to implement treaty-related BEPS recommendations.
In trying to explain the most recent financial crisis and what is perceived to be ongoing struggles to properly regulate markets and economic behavior, a popular sentiment among political commentators has been to blame ‘revolving doors’. Revolving doors is now a mainstream term meaning professionals’ strategic career moves between the public and private sector. Typically, such moves are […]
A week ago, I blogged on the (at the time) upcoming proposal from the European Commission on public country-by-country reporting, saying it was “in no man’s land”. With the benefit of being a week on, and the actual proposal having been presented on Tuesday, I thought it would be good to reflect on my earlier […]
On Tuesday, the European Commission will present its final proposal for public country-by-country reporting, alongside its impact assessment. We know quite a lot about this proposal, given that it was leaked a few weeks back. It is based on the OECD BEPS template for country-by-country reporting, but has key differences from the rest of the recommendations. In particular: […]
… Employees in some countries conventionally discussed as benefactors of profit shifting – such as Singapore and Luxembourg – are generally more ‘productive’ than employees in high-tax countries – such as Denmark, Sweden and Norway. On average, employees in the former group generate 1,25 times the income and 2 times the profit of employees in the latter group…