The OECD today released 180+ pages of public comments from 20 groups responding to a planned 2020 review of Action 14 of the OECD/G20 base erosion profit shifting (BEPS) plan. This work aims to improve the global cross-border tax dispute resolution process. It is currently being carried out by the “Inclusive Framework on BEPS,” an OECD-led coalition of 137 countries.
The 2020 review was agreed to by countries in 2015 as an outcome BEPS plan.
The OECD Secretariat on November 20 offered several proposals designed to strengthen the Action 14 minimum standards, including a proposal that would require all countries with more than a few transfer pricing cases to establish an advance pricing agreement program. The comment letters also address the OECD Secretariat proposals.
The comments can be downloaded from this link (Zip file).
The OECD will hold a public hearing on this topic on February 1. Details are at this link.
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