The fifth Global Forum on Transfer Pricing convened on 2 and 3 March 2016 with contributions from government and from regional and international organizations.
At the meeting the Director of the OECD Centre for Tax Policy and Administration invited countries to join the new inclusive framework launched to implement the package of measures on base erosion and profit shifting (BEPS). The inclusive framework is to play an important role in the effective and consistent implementation of the BEPS guidance.
The meeting focused mainly on the practical impact of the revisions to the OECD transfer pricing guidelines and the implementation of the transfer pricing measures resulting from the BEPS reports. The participants looked at the framework for analyzing risk for transfer pricing purposes and focused on hard to value intangibles and low value-adding intragroup services. The performance of benchmarking analysis and the importance of risk assessment were also considered by the meeting.
