OECD BEPS: Meetings, Meetings, and more Meetings, Including Developing Countries
From the OECD website:
“Delegates from over 90 jurisdictions have gathered at the OECD Conference Centre in Paris in two meetings devoted to discussing solutions to base erosion and profit shifting (BEPS). The Global Forum on Transfer Pricing and the Task Force meetings built on the structured dialogue with developing countries and complement the direct involvement in the CFA’s BEPS work and the regional meetings on BEPS held in Seoul, Lima, Libreville, Ankara and Pretoria.
On 16 and 17 March more than 240 tax officials discussed solutions to end base erosion and profit shifting at the Global Forum on Transfer Pricing. During this meeting the experience of delegates and the practical impact of the current BEPS work on Transfer Pricing took centre stage.”
These meetings took place in the same week than the Public consultation on transfer pricing matters in Paris on March 19-20 with respect to Actions 8, 9, and 10 of the Action Plan on Base Erosion and Profit Shifting (BEPS) pertaining to:
- Revisions to Chapter I of the Transfer Pricing Guidelines (including risk, recharacterisation and special measures);
- Low value-adding intra-group services;
- Profit splits in the context of global value chains; and
- Transfer pricing aspects of cross-border commodity transactions.
The video streams of these two days of BEPS discussion are available here.
DRTP Consulting Inc. solutions go beyond transfer pricing and international tax solutions. The information in this blog post is general information only. Data and information come from sources believed to be reliable but complete accuracy cannot be guaranteed. DRTP Consulting Inc. or the author are not responsible or liable for any error, omission or inaccuracy in such information. The opinions expressed in this blogpost are those of the author. Readers should seek advice and counsel from DRTP Consulting Inc. as required.