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OECD Releases New Conclusions Showing Further Progress in Countering Harmful Tax Practices in No or Only Nominal Tax Jurisdictions

06 January 2023

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Approved Changes

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OECD-Albania-Anguilla-Armenia-Bahamas-Bahrain-Barbados-Bermuda-British Virgin Islands-Cape Verde-Cayman Islands-Guernsey-Honduras-Hong Kong-Isle Of Man-Jamaica-Jersey-North Macedonia-Pakistan-Turks and Caicos Islands-United Arab Emirates

The OECD has announced the release of new conclusions showing further progress in countering harmful tax practices. --- OECD releases results that show further progress in countering harmful tax practices 05/01/2023 – Jurisdictions continue making progress on implementing the international standard under BEPS Action 5 to address harmful tax practices, as the OECD/G20 Inclusive Framework on BEPS releases new results on preferential tax regimes and substantial activities in no or only nominal tax jurisdictions. Preferential regimes At its November 2022 meeting, the OECD Forum on Harmful Tax Practices (FHTP) reached new conclusions on 13 regimes as part of the implementation...