As part of its project on Base Erosion and Profit Shifting (BEPS), the Organization for Economic Co-operation and Development (OECD) has held two regional consultations. These took place in Asia, on February 20-21, and in Latin America, on February 27-28.
The meetings come as part of a series of four regional consultations to be held ahead of the meeting of the Global Forum on Transfer Pricing, and the Task Force on Tax and Development, scheduled for later in March 2014. The consultations focused on base erosion in developing countries, and considered the changes required. The input will be considered in the OECD’s subsequent work, and by the G20 Development Working Group on the impact of BEPS issues in developing countries.
A further two meetings are scheduled as follows:
- In Africa, as part of a consultation organized by the African Tax Administration Forum (ATAF) in Pretoria, on March 18-19 2014; and
- With the Francophone countries, in an event jointly hosted by the OECD and BIAC (the Business and Industry Advisory Committee to the OECD) on March 25 2014 in Paris.
Each meeting is due to deliver “outcomes,” such as: key messages; BEPS issues identified as important in the region; specific challenges faced by developing countries; and proposed mechanisms for the BEPS dialogue.
