TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

BEPS Update

Discussion drafts released

Last month saw the OECD release discussion drafts in relation to Action 3 (Strengthening CFC Rules) and Action 12 (Mandatory Disclosure Rules) of the BEPS Action Plan.

Action 3 seeks to develop recommendations regarding the design of CFC rules while Action 12 deals with the requirement of taxpayers to disclose their aggressive tax planning arrangements.

The OECD invites comments on a recently issued discussion draft on Action 11 of the BEPS Action Plan. Action 11 aims to establish methodologies to collect and analyse data on BEPS and the actions to address it. Comments were due no later than 8 May 2015.

To view these discussion drafts visit the OECD website at www.oecd.org

Back to BEPS

The OECD will hold a public consultation on Action 12 (Mandatory Disclosure Rules) and Action 3 (Strengthening CFC Rules) of the BEPS Action Plan in Paris, France on 11 & 12 May 2015 respectively. Those wishing to attend can register online in advance.