The twenty largest economies agree that future, it will not be as easily accessible as long to shift profits between multiple company locations in the world, to little or no tax is applicable. “We set this control tricks to an end,” said OECD Secretary-General Angel Gurría on Tuesday before the media in Paris.
Along with OECD tax director Pascal Saint-Amans, he laid the first part of an action plan before, the profit shifting multinational corporations to complicate. Experts estimate that the states lost tax revenue in trillions of euros each year for sophisticated corporate structures.
First signal against tax abuse
The OECD proposals are on the weekend of the finance ministers of the G20 countries to be adopted at a meeting in Cairns, Australia. They want to set the signal that you want to do together seriously world with the closing of tax loopholes.
Finance ministers from the G20 had the OECD in 2012 asked for the development of an action plan. The first seven of 15 points put the OECD now before the remaining eight follow 2015 By then, should control tricks that “undermine the integrity of the tax system, hurt the economy and the confidence of citizens injured” according Gurría, a thing of the past.
The Switzerland
Switzerland worked on the first package of measures on company taxation significantly with. role “She was very actively and constructively in the work group,” Gurria said. The political will for change was palpable.
The State Secretariat for International Financial Matters confirmed the impression of the OECD Secretary-General in a statement. “Switzerland is represented in all working groups of the project and bring their interests actively for a competition between business locations a,” it said. Internationally coordinated solutions are better than a large number of unilateral measures, because the latter could lead to double taxation. The Switzerland salute, that the project does not refer to a country or a particular group of countries. “That can create a level playing field for all.”
According to SIF of the work of the OECD recommendations on taxation in the country in which the economic substance and the value are favorable. The corporate tax reform III, which will soon send in consultation, the Federal carry the current state of the OECD work bill. Also in the future, Switzerland will actively participate in the project. This is to be completed end of 2015.
Still not binding
The first part of the Action Plan contains three comprehensive reports with which light can be thrown in the international tax thicket should. The OECD has approximately examines use as global corporations, the new digital ways to press Tax .
The second report addresses the question of how the approximately 3000 existing double taxation treaties between States could be changed. In the third report is about how harmful competition can be contained among the states that make up contest with special rules, such as patent boxes high-tech firms and thus control sources.
In addition, proposes the OECD four concrete measures before the many tax tricks would deprive the basis, if implemented worldwide. So there should be uniform rules for so-called hybrid financial instruments. In addition, the company will have to inform the tax authorities of how much tax they pay in the country.
target of OECD and G20 is that in the future, where business is done, and appropriate taxes will be due. Over most of the seven points the States concerned agree. However, there are loud Gurría also need to talk. The new OECD rules have provisionally only recommendations. It is left to Member States to adapt their national tax laws to the new rules. (rar / sda)
(Created: 16/09/2014, 15:56 clock)
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