OECD Task Force on Countering Illicit Trade Meets in Paris

The OECD Task Force on Countering Illicit Trade held its fifth meeting on 28-29 March in Paris, with over 80 attendees ranging from Customs and/or Revenue Authorities of OECD Member States, NGOs, academics, and private-sector firms (such as Apple and DHL). A broad range of national government agencies and international organizations – Ministries of Finance and Justice, Her Majesty’s Revenue and Customs, U.S. Department of Homeland Security, Europol, World Customs Organization, and EU Intellectual Property Office – were represented at the meeting. Continue reading “OECD Task Force on Countering Illicit Trade Meets in Paris”

ITIC Comments on Transfer Pricing in the Oil and Gas Industry

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ITIC’s Oil and Gas Taxation and Regulatory Dialogue recently submitted comments on The Platform for Collaboration on Tax’s “Discussion Draft: A Toolkit for Addressing Difficulties in Accessing Comparables Data for Transfer Pricing Analysis.” The toolkit “is designed to assist developing countries in navigating an important area of international tax policy: transfer pricing [… and] specifically addresses the ways developing countries can overcome a lack of data on “comparables,” or the market prices for goods and services transferred between members of multinational corporations.”

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Azeri Minister of Taxes Outlines New Challenges

AzerbaijanIn a recent article for the Intra-European Organisation of Tax Administrations (IOTA), Azeri Minister of Taxes Fazil Mammadov analyzed the new challenges faced by Azerbaijan’s Tax Service due to sluggish global growth and its negative impact on resource economies. He depicted Azerbaijan’s response in terms of developing a sustainable national economy.

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2017 Index of Economic Freedom

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Source: 2017 Index of Economic Freedom, Interactive Heat Map (The Heritage Foundation) 

On 15 February, the Heritage Foundation published its annual report entitled, 2017 Index of Economic Freedom, comparing the performance of 186 economies. One key factor influencing the conclusions and rankings is the Tax Burden parameter of the Government Size performance measurement criterion. Continue reading “2017 Index of Economic Freedom”

Uzbekistan Reform Agenda

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Investors are showing a renewed interest in the post-Karimov reform agenda in Uzbekistan, the guidelines for which have been detailed by President Mirziyoyev in several recent decrees and the implementing instructions of 14 February 2017. His decree of 7 February “on the Action Strategy for the Further Development of the Republic of Uzbekistan 2017-2021” and the related documents may be accessed here. Continue reading “Uzbekistan Reform Agenda”

ITIC Oil & Gas Dialogue Meets in Washington

ITIC’s Oil & Gas Taxation and Regulatory Dialogue held a series of meetings this week in Washington with organizations active in natural resource taxation issues in developing countries to foster understanding and promote balanced, fact-based discussion among government, academics, business, and international organizations. The group of international oil and gas companies also held internal meetings to review its priorities for 2017.   Continue reading “ITIC Oil & Gas Dialogue Meets in Washington”

The Challenges of E-Commerce Regulation for Tax Policy in Africa

The United Nations Commission on International Trade Law (UNCITRAL) defines electronic commerce (e-commerce) as “commercial activities conducted through an exchange of information generated, stored or communicated by electronic optical or analogs means…

With e-commerce now accounting for 80 percent of all global commerce[1], there is an urgent need to regulate these transactions to meet tax policy objectives of broadening the tax base and eliminating erosion. Taxing e-commerce will ensure equal treatment of national production and imports of the same product in order to avoid market distortion. The lack of a standard legal framework can lead to double taxation or double non-taxation; and different regimes for taxation of electronic goods sold electronically and sales of national products in the non-electronic market can distort overall market equity.

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