Taxation

The International Chamber of Commerce (ICC) has responded to announcements in the Budget speech by the UK Chancellor, George Osborne.

The International Chamber of Commerce (ICC) has reaffirmed its active engagement in the second phase of the G20 / Organization for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) project.

ICC has expressed concern that the OECD's Action Plan on combating Base Erosion and Profit Shifting (“BEPS”) may inadvertently incur severe collateral damage on compliant taxpaying companies of all sizes.

The International Chamber of Commerce (ICC) has welcomed an agreement reached this week by over 90 countries to automatically swap tax information.

In an article published in the latest edition of "World Commerce Review", Chair of the ICC Commission on Taxation describes the criticism on multinational enterprises (MNEs) engaging in aggressive tax planning schemes as “lopsided”.

In a letter to the G20 Presidency, the International Chamber of Commerce (ICC) has said that proposed public disclosure of Country-by-Country (CbC) tax reports would be counterproductive to efficient tax administration.

ICC is pleased to announce the appointment of Paul Morton as the new Vice-Chair of the ICC Commission on Taxation. Mr Morton will take over from Mr Chris Lenon, who stepped down from the position on 30 June 2014.

ICC has issued a revised policy statement acknowledging recent developments in the international taxation landscape and strongly advising against the introduction of exit taxes as a way for countries to increase revenues.

The International Chamber of Commerce (ICC) is pleased to announce the appointment of Christian Daniel Kaeser as the new Chair of the ICC Commission on Taxation. Having served as Vice-Chair since March 2013, Mr Kaeser will take over from Theo Keijzer who has served as Chair of the commission since June 2010.

The International Chamber of Commerce (ICC) has welcomed today’s publication of an Organisation for Economic Co-operation and Development (OECD) action plan, created in response to a request by the G20, which identifies a set of domestic and international actions to address the problems of base erosion and profit sharing.