International tax briefing for August 2014

The OECD has been busy over the last few weeks with the publication of its global standard for the automatic exchange of tax information and the 2014 update to the Model Tax Convention. There has also been some further activity on its action plan on base erosion and profit shifting (BEPS) with a public request for input on action 11 released on 4 August. Action 11 looks at establishing methodologies to collect and analyse data on BEPS and the actions needed to address it. It is part of the tranche of actions due for completion in September...