PCT releases toolkit on offshore indirect transfers of assets

On June 4, 2020, the Platform for Collaboration on Tax (PCT) released a Toolkit on the Taxation of Offshore Indirect Transfers.
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The toolkit provides guidance on the design and implementation issues when one country seeks to tax gains on the sale of interests in an entity owning assets located in that country by an entity which is a tax resident in another country.
 
This toolkit addresses a concern of significance to developing countries, mostly but not exclusively natural resource rich countries – primarily from the perspective of the country where the underlying assets are located.
 
The PCT is a joint initiative of the International Monetary Fund, the Organisation for Economic Cooperation and Development, the United Nations, and the World Bank Group.
 
See Toolkit on the Taxation of Offshore Indirect Transfers