The OECD today published reports approved by the “Inclusive Framework on BEPS” which assess tax dispute resolution practices in the Czech Republic, Denmark, Finland, Korea, Norway, Poland, Singapore, and Spain.
As members of the Inclusive Framework on BEPS, the eight countries have agreed to be judged by their peers on their compliance with the minimum standards set out in 2015 OECD/G20 base erosion profit shifting (BEPS) plan reports. Included are minimum standards developed in response to Action 14 of the BEPS plan regarding resolution of tax disputes, which are the subject of today’s peer review reports.
The Inclusive Framework has already published peer reviews of 13 other Inclusive Framework countries on the Action 14 minimum standards.
According to the OECD, today’s reports contain 215 recommendations discussing how the eight countries can improve their tax dispute resolution procedures. The assessment was a stage 1 review. In stage 2, the countries will be assessed on how well they comply with these recommendations.
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