With a number of important recent and upcoming developments in the OECD's international tax work, we invite you to join the OECD's Centre for Tax Policy and Administration (CTPA) for the latest tax update. More information: http://oe.cd/taxtalks

1. OECD Tax Talks
CENTRE FOR TAX POLICY AND ADMINISTRATION
22 September 2016
3:00pm – 4:00pm (CEST)

2. Ask questions and comment throughout the webcast
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Join the discussion
Via e-mail CTP.Contact@oecd.org
Via Twitter using #OECDTaxTalks

3. Update on:
• International Tax Agenda
• Multilateral Instrument
• G20 Tax Policy Agenda
• Tax Policy Reforms in the OECD
• What’s next?
Presented by:
• Pascal Saint-Amans, Director, Centre for Tax Policy and
Administration
• Jesse Eggert, Senior Advisor on Base Erosion and Profit Shifting
Project
• David Bradbury, Head of the Tax Policy and Statistics Division
• Sarah Perret, Tax Economist
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Today’s topics and speakers

4. • G20 Hangzhou Summit
– Tax Transparency
– BEPS
– Tax Policy
• Recent developments
– State Aid cases
– Common Transmission System for exchanges
– Multilateral Instrument
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International Tax Agenda

5. 5
Multilateral Instrument

6. • Negotiation of MLI has progressed extremely well
– Main text agreed in principle in mid-September
– Fine-tuning and translation by November
• The Multilateral Convention to Implement Tax Treaty-Related Measures to
Prevent Base Erosion and Profit Shifting
• Overall structure:
– Provisions implementing each of the BEPS tax treaty-related measures
– Optional provision on mandatory binding MAP arbitration
– Flexible approach, with opt-ins, alternatives, and opt-outs (except for minimum
standards)
– Notifications will ensure clarity about interaction with existing treaty provisions
• The MLI will be accompanied by an Explanatory Statement 6
Multilateral Instrument

7. • Final meeting of Ad Hoc Group in late November to:
– Formally adopt text in French and English
– Approve text of Explanatory Statement
• After approval, the MLI will be made open for signature
• Signing ceremony will take place first half of 2017
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Next steps

8. 8
G20 Tax Policy Agenda

9. 9
G20 Tax Policy Agenda
G20 Tax Policy Symposium
• 23 July 2016, Chengdu, China
– Session 1: Increasing Tax Certainty
– Session 2: Inclusive and innovation-driven Growth
• G20 Leaders' Communique, Hangzhou Summit, 4-5 September 2016
“We emphasize the effectiveness of tax policy tools in supply-side structural reform for
promoting innovation-driven, inclusive growth, as well as the benefits of tax certainty to
promote investment and trade and ask the OECD and IMF to continue working on the issues of
pro-growth tax policies and tax certainty. In this connection, China would make its own
contribution by establishing an international tax policy research centre for international tax
policy design and research.”

10. - Highlighted at the G20 Tax Policy Symposium
- Request from the G20 to work on tax certainty
- Timeline for future work
- G20 Finance Deputies Meeting, December 2016
- G20 Finance Ministers’ Meeting, March 2017
- G20 Leaders’ Summit, July 2016
- Commence consultation through a business questionnaire
- Launched in early October and responses to be received by December 2016
- Important opportunity for businesses to provide views and share experience
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Tax Certainty

11. 11
Tax and Inclusive Growth
- Strong interest at the G20 Tax Policy Symposium
• The need to reconcile growth and efficiency
with addressing inequality
- Request from the G20 to carry out further
work on Inclusive Growth
- Release of the OECD Taxation Working Paper on
Tax Design for Inclusive Economic Growth
http://www.oecd-ilibrary.org/taxation/

12. Tax Policy Reforms
in the OECD
Inaugural Edition
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13. • First edition of a new annual publication aimed at
providing an overview of tax reforms across the OECD
• This year’s edition covers the reforms that were
implemented, legislated or announced in 2015
• Next edition due by mid-2016, with additional countries
to be covered
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Tax Policy Reforms in the OECD

14. General findings
Focus on growth
• Fiscal consolidation: key driver of tax reforms post crisis
• In 2015, shift back to focusing on growth with many countries reducing taxes
on labour and corporate income
International tax developments
• Many of the corporate and VAT reforms reflected the adoption of BEPS
recommendations and the endorsement of the OECD International VAT/GST
Guidelines
Top reformers
• Austria, Belgium, Greece, Japan, the Netherlands, Norway and Spain were the
countries that implemented, legislated or announced the most comprehensive
tax reforms in 2015
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15. 15
Growth-oriented tax reforms
3 3
7
11
14
9
3
15
7
14
6
1 1
5
-20
-15
-10
-5
0
5
10
15
PIT SSCs CIT VAT Excise duties Env. Taxes Property taxes
Number of countries
expecting revenue
decreases
Number of countries
expecting revenue
increases
Estimated revenue effects of tax reforms in 2015

16. Trends: Tax-by-tax
Labour taxes
Personal capital
income taxes
Corporate taxes
VAT and excise
duties
Property taxes
Environmental
taxes
• Taxes on labour income stabilised in 2015
• Trend of declining labour taxes in 2016
• Several countries raised tax rates on dividends
and other sources of personal capital income
• Renewed trend of CIT rate reductions
• CIT base-broadening measures, including BEPS counter measures
• The post-crisis increase in standard VAT rates did not continue over
the course of 2015
• Limited number of property tax reforms and no clear direction of
reform
• Reforms limited mostly to tinkering with taxes on energy use and cars
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17. What’s next?
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18. • G20 Finance Ministers meeting: 6 October 2016
• BEPS Public Consultation: 11-12 October, on attribution of profits to
permanent establishments and revised guidance on profit splits
• BEPS regional meetings: September – December 2016 (Uruguay,
Tunisia, Lithuania, Philippines)
• AEOI: CRS bilateral exchange relationships
• Tax Policy:
– Release of Tax Certainty survey
– Upcoming publications: Effective Carbon Rates, and LAC Taxing Wages (26 Sept),
Revenue Statistics, and Consumption Tax Trends (Nov)
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What’s next?

19. QUESTIONS?
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