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Global Tax Policy and Controversy Watch | December 2024 edition

10 December 2024

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Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, Treaties, OECD, Global

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United States, Australia, Italy, Kenya, Latvia, New Zealand, Switzerland, European Union

HighlightsOECD holds Tax Certainty Day addressing dispute prevention and resolution developments On 15 November 2024, the Organisation for Economic Co-operation and Development (OECD) held its sixth annual OECD Tax Certainty Day. During the event, the OECD released the 2023 statistics on the mutual agreement procedure (MAP) and advance pricing arrangements (APA), followed by a presentation of the 2023 MAP and APA awards. In 2023, MAP case inventory for new cases (post-2016) decreased by approximately 16% for new transfer pricing cases, while the inventory for new "other" cases increased 2.8% compared with 2022.EU reaches agreement on VAT in the digital age...