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

UK Tax Office Seeks Input on Simplified Digital Gambling Regime

2 weeks ago | news.bloomberglaw.com | Shaun Courtney

The UK tax authority is seeking industry feedback on a proposal to streamline the tax regime for online betting and online casinos, reducing the possible number of tax regimes from three to one. The remote gambling consultation announced Monday is one of several government tax policy proposals aimed at reducing bureaucracy, reforming the tax system, and cutting down on non-compliance.
UK Tax Office Seeks Input on Simplified Digital Gambling Regime

2 weeks ago | news.bloombergtax.com | Shaun Courtney

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OECD Urged to Keep Real Estate Data Reporting Project Simple

2 weeks ago | news.bloombergtax.com | Shaun Courtney

An OECD project underway now will be able to help countries uncover foreign real estate holdings meant to evade taxes, but only if it’s user-friendly and ensures privacy, researchers and tax professionals say. Current data and infrastructure in many nations may be insufficient to enable a robust property-ownership information network, they say, and processes to set it up may be complicated and costly.
Business R&D Tax Relief Is Key to Support From OECD Countries

3 weeks ago | news.bloombergtax.com | Shaun Courtney

Tax incentives for business research and development surpass grants and procurements as the main form of government support across most OECD countries, according a new report. About 55% of total government support for business R&D were tax incentives, with 34 out of 38 countries in the Organization for Economic Cooperation and Development offering some tax relief for R&D expenditures in 2024, the body said in a statement.
Business R&D Tax Relief Is Key to Support From OECD Countries

3 weeks ago | news.bloomberglaw.com | Shaun Courtney

Tax incentives for business research and development surpass grants and procurements as the main form of government support across most OECD countries, according a new report. About 55% of total government support for business R&D were tax incentives, with 34 out of 38 countries in the Organization for Economic Cooperation and Development offering some tax relief for R&D expenditures in 2024, the body said in a statement.
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

2 months 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

2 months 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

2 months 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

2 months 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.