The closing ceremony of the 2014 International Taxation Academy held on July 4th at the Training Institute, MOF was presided over by the Political Deputy Minister of Finance, Mr. Wu, Tang-chieh. In the ceremony, the Deputy Minister awarded certificates of completion to the participants in the program. This year, the courses focused on (1) Controlled Foreign Corporations and Permanent Establishments (Hybrid Entities), (2) Transfer Pricing, Base Erosion and Profit Shifting, and (3) Tax Treaties. Government officials from ten countries including Belize, Czech, Indonesia, Jordan, Malaysia, Poland, Saint Christopher and Nevis, Saint Lucia, Swaziland and Thailand participated in the Academy, along with 31 local participants. Deputy Minister Wu expressed gratitude to the Southern Methodist University School of Law for helping the MOF in inviting internationally renowned taxation experts to lecture on the course. He also expressed appreciation to the Ministry of Foreign Affairs for assisting foreign participants to travel to Taiwan and take part in the Academy. Deputy Minister Wu stressed that given that individual action taken by some countries is still unable to effectively curb international tax avoidance, OECD (Organization for economic cooperation and development) releases Base Erosion and Profit Shifting (BEPS).Also, various countries have devoted in signing of the tax agreements to avoid double taxation. Via the signing of the Tax Treaties will contribute to eliminating double taxation, improving the investment environment, and promoting tax fairness. In order to prevent tax evasion conducted by multinational enterprises, Taiwan has proposed amendments to the Income Tax Act on Controlled Foreign Corporations issues in line with global tax reform trends. The Training Institute will continuously host this kind of international program such as the Academy to enhance the professional competence of Taiwan international taxation officials, but also provide the opportunity to exchange views and interact with each other among nations to foster diplomacy expansion in the field of taxation. (Emily Chen 886-2-86632399Ext.205)