BEPS debate needs more practitioner input, says former tax lawyer (Tax Journal)

The OECD will have ‘plenty of economic analysis to drawn upon’ during the course of the BEPS project but there is a need for more commentary on practical questions, according to a former City tax lawyer.

John Watson, former head of tax at Ashurst LLP, wrote ‘Multinationals and the great tax debate’, a paper published by LexisNexis and distributed with last week’s Tax Journal.

He noted that ‘rather less material is written from a practical point of view and, in putting together systems designed to limit tax avoidance, it is practical questions which will govern how robust those systems are’.

Read more at Tax Journal.

OECD publishes responses to digital economy paper (Tax Journal)

The OECD has published comments received on its discussion paper on the tax challenges presented by the digital economy. The respondents included Deloitte, the CIOT, the International Bar Association and the BEPS Monitoring Group, which includes representatives of Christian Aid and the Tax Justice Network.

An OECD task force on the digital economy will discuss the responses early next month. On 23 January a live webcast presentation by the OECD’s Centre for Tax Policy and Administration will include an overview of the BEPS project and an ‘update on 2014 deliverables’; the involvement of developing countries; and engagement with stakeholders.

Read more at Tax Journal.