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

First meeting of new inclusive framework to tackle BEPS

Representatives of more than 80 countries and jurisdictions gathered in Kyoto, Japan to discuss the latest developments in the Base Erosion and Profit Shifting (BEPS) project. This meeting involved a broad range of countries, representing varying levels of development according to the OECD.

During the meeting in Kyoto, five countries – Argentina, Curacao, Georgia, Korea, and Uruguay – signed the Multilateral Competent Authority agreement for the automatic exchange of Country-by-Country reports (“CbC MCAA”) under the BEPS Project, bringing the total number of signatories to 44 countries. The CbC MCAA allows all signatories to bilaterally and automatically exchange Country-by-Country Reports with each other, as contemplated by Action 13 of the BEPS Action Plan.