On July 11, in an important step for non-listed real estate investment funds, the OECD released draft contents of the 2017 update to the OECD Model Tax Convention. In the draft, the OECD took notice of the comments INREV and others made. Several relevant changes now appear in the real estate example.
The Tax Committee issued a set of answers to frequently asked questions in response to the new requirements for country-by-country reporting under OECD-BEPS Action 13 that aims to enhance transparency of multinational enterprises.
On 1 February, INREV filed a response to the OECD’s Discussion Paper on BEPS Action 6 related to tax treaty abuse and non-CIVs.
INREV and industry responses to OECD BEPS.
INREV response to OECD Public Discussion Draft on Treaty Entitlement of Non~.pdf
The OECD recently released the BEPS Action plan with far-reaching recommendations, including interest deductibility (Action 4) and country-by-country reporting (Action 13). Richard van der Linden’s presents on the details and implications of this important topic.