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Organisation for Economic Co-operation (OECD)

Europe’s biggest nations join forces to end tax evasion

Europe’s biggest nations join forces to end tax evasion

WASHINGTON (Reuters) – Europe’s biggest nations launched a joint effort on Thursday to clamp down on tax evasion, responding to damaging revelations of financial wrongdoing by the rich and powerful in the so-called Panama Papers. The finance ministers of Britain, Germany, France, Italy and Spain agreed to share detailed data on the ownership of companies, […]

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House Subcommittee examines potential impact of BEPS project on U.S. companies

House Subcommittee examines potential impact of BEPS project on U.S. companies

House Ways and Means Committee press release, “Chairman Boustany Opening Statement: Examining the OECD Base Erosion and Profit Shifting (BEPS) Project” (Dec. 1, 2015). Written testimony of Robert Stack, Deputy Assistant Secretary for International Tax Affairs, U.S. Department of the Treasury. Written testimony of Barbara Angus, Principal, Ernst & Young. Written testimony of Gary Sprague, […]

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EU rules Starbucks, Fiat tax deals illegal, rocking system

EU rules Starbucks, Fiat tax deals illegal, rocking system

BRUSSELS (Reuters) – The European Commission ruled on Wednesday that Starbucks Corp and Fiat Chrysler Automobiles NV benefited from illegal tax deals with the Dutch and Luxembourg authorities, dealing a heavy blow to profit-shielding arrangements used by many multinationals. Antitrust commissioner Margrethe Vestager said all firms must pay a “fair share” and ordered the Netherlands […]

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G20 finance ministers endorse final BEPS package for international tax reform

G20 finance ministers endorse final BEPS package for international tax reform

U.S. Treasury Secretary Jacob Lew has recently announced that the G20 finance ministers have formally endorsed the deliverables from the G20/Organization for Economic Co-operation and Development’s (OECD’s) base erosion and profit shifting (BEPS) project, which the OECD released earlier the week before. “We are already engaged in the process of BEPS implementation, including country by […]

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Leading economies agree plan to fight corporate tax avoidance

Leading economies agree plan to fight corporate tax avoidance

LIMA (Reuters) – The Group of 20 major economies have endorsed a package of measures to tackle corporate tax avoidance, but questions remain about whether countries will follow through on the plans or leave loopholes multinationals can exploit. G20 finance ministers agreed to back proposals drawn up by the Organisation for Economic Co-operation and Development […]

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New global tax proposals target corporate tax dodging

New global tax proposals target corporate tax dodging

LONDON (Reuters) – The body that advises industrial nations on economic policy published proposals on Monday to overhaul the way international companies are taxed in an effort to tackle avoidance. Tight government finances and media reports on the tax structuring used by companies including Starbucks and Google have spurred significant public anger in Europe and […]

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Recent Developments in OECD’s Base Erosion & Profit Shifting Project

Recent Developments in OECD’s Base Erosion & Profit Shifting Project

The Organization for Economic Co-operation and Development (OECD) has released several discussion drafts as part of its Base Erosion and Profit Shifting (BEPS) project. The discussion drafts, for which the OECD seeks public comments, cover topics including interest deductions, transfer pricing, and ways to improve the mutual agreement procedure (MAP) that governs the resolution of […]

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OECD unveils proposals to curb corporate tax avoidance

OECD unveils proposals to curb corporate tax avoidance

LONDON (Reuters) – New international tax rules proposed on Tuesday could eliminate structures that have allowed companies such as Google Inc and Amazon.com Inc to shave billions of dollars off their tax bills. The Organisation for Economic Cooperation and Development (OECD) announced a series of measures that, if implemented by members, could stop companies from […]

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OECD issues reports on combating tax avoidance by multinational corporations

OECD issues reports on combating tax avoidance by multinational corporations

The Organization for Economic Co-operation and Development (OECD) has released seven reports as part of its Base Erosion and Profit Shifting (BEPS) project. The recommendations in the reports are intended to form the basis of an international approach to combat tax avoidance by multinational enterprises. Background on the OECD. The OECD is an international organization […]

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U.S. CEOs resist country-by-country tax reporting – survey

U.S. CEOs resist country-by-country tax reporting – survey

WASHINGTON (Reuters) – Unlike a majority of their foreign peers, most U.S. corporate CEOs do not support the idea that businesses should have to disclose tax and financial information on a country-by-country basis, said a survey released on Thursday. Country-by-country financial reporting – as opposed to standard reporting in which multinationals lump together financial figures […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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Member CA Bar Member Orange County Bar US Tax Court Attorney