OECD holds BEPS meetings with Latin American/Caribbean, Francophone nations

The OECD on March 2 reported on the outcome of regional meetings held with Latin American and Caribbean nations and with Francophone nations designed to incorporate the views of non-OECD nations into OECD base erosion and profit shifting (BEPS) project output.

The OECD said that tax officials from 14 Latin America and Caribbean nations gathered at a February 26-27 meeting in Lima, Peru, along with representatives of regional and international organizations. The discussion focused on BEPS issues associated with commodities transactions and interest deductions, difficulties with finding adequate transfer pricing comparables, and the development of toolkits to assist the implementation of solutions to counter BEPS, the OECD said.

Officials from 13 French-speaking countries met February 27 in Libreville, Gabon, where the discussion focused on tax incentives; indirect transfers of assets; and intragroup payments of royalties, interest, and service fees.

The meetings were set up by the OECD in response to instructions from G20 finance ministers following their September meeting in Carins, Australia. The ministers want the OECD to deepen developing country engagement in tackling BEPS and ensure that their concerns are addressed in BEPS output.

The OECD held a regional network meeting with Asia-Pacific nations February 12-13.

See:

• OECD and CREDAF hold regional network meeting on BEPS

• OECD holds regional network meeting on BEPS in Latin America

Related MNE Tax articles:

• OECD holds Asia-Pacific regional meeting on BEPS

• OECD to involve developing nations in BEPS project

• G20 ministers approve progress on BEPS, endorse automatic exchange of information