Shaun Courtney

Paris

🇫🇷 Correspondent @Tax Past ✍️ Congress, DHS, transport, cities policy. Alum @bgov @washingtonpost @AU_SPA @AU_SOC RT ≠ endorse.

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Articles

Two Countries Need Tweaks to Info Exchange Frameworks, OECD Says

1 month ago | news.bloombergtax.com | Shaun Courtney

Djibouti and Burkina Faso both need to improve their legal framework for transparency and exchange of banking and beneficial ownership information, according to peer reviews of the developing nations. The two countries’ peer assessments were among five the Organization for Economic Cooperation and Development facilitated on countries’ compliance with voluntary automatic exchange of financial information.
OECD Considers Tech to Pre-populate Returns, Tokenize Taxpayers

1 month ago | news.bloombergtax.com | Shaun Courtney

The OECD is exploring additional ways technology can aid in tax information sharing and compliance, according to an organization official. Potential efforts include creating digital identity verification systems, introducing real-time reporting and pre-populated tax returns, and providing direct access to data repositories to streamline processes, said Paul Hondius, head of the OECD’s Harmful Tax Practices Unit.
OECD Aims to Issue Real Estate Transparency Framework Mid-2025

1 month ago | news.bloomberglaw.com | Shaun Courtney

The OECD is drafting an exchange agreement that would allow participating jurisdictions to share readily available information about property holdings and transactions annually to help deter undeclared assets. The organization is aiming to release the draft competent authority agreement in mid-2025 to help tax authorities identify offshore income and hidden wealth, a topic that has gained traction with G20 nations, said Paul Hondius, head of the OECD’s Harmful Tax Practices Unit.
OECD Aims to Issue Real Estate Transparency Framework Mid-2025

1 month ago | news.bloombergtax.com | Shaun Courtney

The OECD is drafting an exchange agreement that would allow participating jurisdictions to share readily available information about property holdings and transactions annually to help deter undeclared assets. The organization is aiming to release the draft competent authority agreement in mid-2025 to help tax authorities identify offshore income and hidden wealth, a topic that has gained traction with G20 nations, said Paul Hondius, head of the OECD’s Harmful Tax Practices Unit.
Tax Capacity-Building Yields Billions in Revenue, OECD Says

1 month ago | news.bloombergtax.com | Shaun Courtney

Developing countries saw record revenues and stronger enforcement against illicit financial flows, partially thanks to capacity-building and outreach support from the OECD’s Global Forum in 2024, according to a Thursday report. An all-time high of 100 jurisdictions—including 79 developing countries—received bilateral technical support from the organization’s office responsible for aiding the implementation and use of tax transparency standards in 2024, according to the report.
OECD Says Countries Keen for Progress on Tax Dispute Agreements

1 month ago | news.bloombergtax.com | Shaun Courtney

Countries with less experience in resolving tax-treaty disputes via mutual agreement procedures are “eager” to implement OECD standards to help them do so, the organization said Tuesday. A peer review process found 10 jurisdictions without meaningful experience with a mutual agreement procedure program “either have or are eager to put in place a policy framework for MAP as well as a well-functioning MAP programme,” according to the organization.
OECD Updates Progress on Tax Agenda, Plans Report on Inequality

1 month ago | news.bloomberglaw.com | Shaun Courtney

Jurisdictions advance key tax standards, OECD report says Update issued for G-20 Finance Ministers South Africa meetCountries continue to sign-on to and implement key OECD-led tax policies and negotiators have made “significant strides” on lingering issues on intercompany transactions under Pillar One, the organization told G-20 ministers in a Thursday report.
OECD Updates Progress on Tax Agenda, Plans Report on Inequality

1 month ago | news.bloombergtax.com | Shaun Courtney

Countries continue to sign-on to and implement key OECD-led tax policies and negotiators have made “significant strides” on lingering issues on intercompany transactions under Pillar One, the organization told G-20 ministers in a Thursday report. The global tax deal includes Pillar One, a reallocation of large multinational companies’ residual profits, and a 15% global minimum tax, known as Pillar Two.
Capital Gains Tax Systems Benefit Rich, Top Earners, OECD Says

1 month ago | news.bloombergtax.com | Shaun Courtney

Current capital gains tax systems are undermining tax equity, creating economic distortions, and making it difficult for countries to raise revenue even as asset prices have boomed, according to a Wednesday OECD report. Countries in the Organization for Economic Co-operation and Development tend to tax capital gains on areas like housing upon realization—when a house gains in value and is then sold, for example.
Capital Gains Tax Systems Benefit Rich, Top Earners, OECD Says

1 month ago | news.bloomberglaw.com | Shaun Courtney

Current capital gains tax systems are undermining tax equity, creating economic distortions, and making it difficult for countries to raise revenue even as asset prices have boomed, according to a Wednesday OECD report. Countries in the Organization for Economic Co-operation and Development tend to tax capital gains on areas like housing upon realization—when a house gains in value and is then sold, for example.