The UN Committee of Experts on International Cooperation in Tax Matters has published a report on its fifteenth session, which was held in Geneva on October 17–20, 2017.
The influential Committee is responsible for key UN international tax and transfer pricing work, including the United Nations Model Double Taxation Convention between Developed and Developing Countries, the Practical Manual on Transfer Pricing for Developing Countries, and the Manual for the Negotiation of Bilateral Tax Treaties between Developed and Developing Countries.
The entire 25-person membership of the UN Committee of Experts is replaced with new members once every four years. The membership was last replaced in August. As such, as discussed an earlier MNE Tax report on the meeting, much of the session was devoted to electing new subcommittee co-chairs and setting subcommittee assignments, which included assignments for a new subcommittee on the hot topic of the digitization of the economy.
The new body, called the Subcommittee on Tax Challenges Related to the Digitalization of the Economy, will be headed by Nigerian tax administrator Babatunde Fowler and Aart Roelofsen, an international tax policy advisor at the Netherlands Ministry of Finance.
Besides setting committee assignments, the meeting featured presentations from speakers on a wide range of international tax and transfer pricing topics and discussions included consideration of updating UN guidance, including the United Nations Practical Manual on Transfer Pricing for Developing Countries and UN work on taxation of the extractives industries.
The Committee will next meet in New York on May 14–17.
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