• Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 11/1/2013

OECD - Task force reports on BEPS for developing countries 

November 1:  A report from an OECD task force focuses on how developing countries can effectively address tax avoidance and evasion and new ways to raise resources for domestic development.

According to an OECD report [PDF 271 KB], the tax force considered progress made by the G-8 and
G-20 countries with respect to the base erosion and profit shifting (BEPS) action plan.

What’s next?

  • The OECD task force will meet in March 2014 to take up the BEPS action plan.
  • Africa and Latin America-information sharing and consultation events will be held in early 2014.
  • There are plans for an update on support for developing countries from a joint transfer pricing program of the OECD, World Bank, and European Commission by mid-2014 with a paper on transfer pricing comparability issues expected by March 2014.
  • Under the "Tax Inspectors without Borders" initiative, a practical toolkit to support the sustainability is expected by February 2014 and a report by June 2014 concerning pilot projects.
  • A report on opportunities and constraints facing developing countries in undertaking automatic exchange of information for tax purposes is scheduled for mid-2014.
  • Further reviews of tax incentives in developing countries on a demand-led basis and a knowledge sharing event on tax incentives will be planned for 2014.

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