Deductions and Forum on Harmful Tax Practices: Difference between pages

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1.
''Tax - anti-avoidance''.


Amount of money subtracted from an account or from any amount payable/receivable, to pay for services, goods or taxes.
(FHTP).


The Forum on Harmful Tax Practices is the body established by the Organisation for Economic Co-operation and Development (OECD) in 1998 to review the compliance of tax jurisdictions with its guidelines on transparency and other aspects of tax structuring.


2.  ''Tax.''


Amounts for which tax relief is given. 
:<span style="color:#4B0082">'''''BEPS Action 5'''''</span>


Most often by subtracting the deductions from (otherwise) taxable profits, before calculating the amount of tax payable on the net taxable profits.
:"BEPS Action 5 is one of the four BEPS minimum standards which all Inclusive Framework members have committed to implement. One part of the Action 5 minimum standard relates to preferential tax regimes where a peer review is undertaken to identify features of such regimes that can facilitate base erosion and profit shifting, and therefore have the potential to unfairly impact the tax base of other jurisdictions."


:''OECD - 2019.''


== See also ==
 
* [[DEBRA]]
==See also==
* [[Rebate]]
* [[Base erosion and profit shifting]] (BEPS)
* [[Super-deduction]]
* [[Business in Europe: Framework for Income Taxation]]
* [[Tax credit]]
* [[CbC reporting]]
* [[Tax relief]]
* [[Diverted profits tax]]
* [[G20]]
* [[Organisation for Economic Co-operation and Development]]
* [[Tax avoidance]]
* [[Preferential tax regime]]
* [[Worldwide interest cap]]
 
 
==Other resource==
 
*[[Media:2015_10_Oct_-_Walk_the_line.pdf| Walk the line, The Treasurer, 2015]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]

Latest revision as of 04:25, 8 February 2024

Tax - anti-avoidance.

(FHTP).

The Forum on Harmful Tax Practices is the body established by the Organisation for Economic Co-operation and Development (OECD) in 1998 to review the compliance of tax jurisdictions with its guidelines on transparency and other aspects of tax structuring.


BEPS Action 5
"BEPS Action 5 is one of the four BEPS minimum standards which all Inclusive Framework members have committed to implement. One part of the Action 5 minimum standard relates to preferential tax regimes where a peer review is undertaken to identify features of such regimes that can facilitate base erosion and profit shifting, and therefore have the potential to unfairly impact the tax base of other jurisdictions."
OECD - 2019.


See also


Other resource