The OECD’s Working Party 6 has tentatively decided on a number of modifications to the OECD’s discussion draft on transfer pricing documentation and country-by-country reporting, including the elimination of entity-by-entity reporting in favor of country-level reporting, said Joseph Andrus, head of OECD transfer pricing , on April 2 during a webcast updating the base erosion and profit shifting (BEPS) initiative.
Pascal Saint Amans, the OECD’s director of tax work, said that BEPS deliverables were “on track” for 2014 and that work has already begun on 2015 deliverables. Saint Amans said that he believed the BEPS project would end double Irish tax structures.
The OECD’s Raffaele Russo discussed BEPS project on the digital economy, Marlies de Ruiter discussed BEPS work on tax treaty abuse and transfer pricing, and Achim Pross provided an update of the OECD’s work on hybrid mismatches. The webcast is archived and still available for viewing; the slides from the presentation can be accessed here.
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