News in brief… 17 July

BEPS membership grows to 131 countries; Geopolitics update: China records slowest growth in decades; ATO update: Self-managed super fund (SMSF) highlights; ATO update: Income statements in myGov.

BEPS membership grows to 131 countriesThe organisation for Economic Cooperation and Development (OECD) has announced that the number of countries that have joined the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS) has expanded to 131.Bosnia and Herzegovina and Gibraltar are the most recent countries to participate in the project that seeks to address multinational tax avoidance and profit shifting through the BEPS 15 point action plan. More information is availab...

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Published Date: 17 July 2019