A meeting of more than 300 tax officials from the tax administrations of more than 100 countries and organizations was hosted by the OECD in Paris on 26 September 2013.  The participants in the meeting discussed the ways in which developing countries may become engaged in the action plan on base erosion and profit shifting. Corporate tax revenue makes up a significant part of the tax revenue of developing countries and they therefore have an interest in this project.

The framework for eliminating double taxation is important for attracting cross-border investment and needs to be strengthened to combat profit shifting.  Gaps in the tax rules are exploited by tax planning strategies to reduce or eliminate tax liabilities or to shift those liabilities to low tax jurisdictions where the groups have little real economic activity. The action plan on base erosion and profit shifting needs to deal with this issue.