Is the Global Fight for Tax Transparency Finally Working?

By in

The OECD recently held a Forum on Harmful Tax Practices, whereby they concluded that very few global jurisdictions now operate harmful tax regimes; and has identified eleven new favourable corporate tax practices being used by countries around the world, however decided that none of them are harmful at all regarding encouraging profit-shifting between jurisdictions.

Certain schemes currently being carried out by Aruba, Turkey and Italy are considered possibly harmful, however the only country still employment a potentially detrimental preferential tax instrument is France, with the country offering tax relief on long-term capital gains and profits from the licensing of intellectual property rights.