On 15 December 2017 the OECD issued the second round of analyses of individual country measures on improving dispute resolution mechanisms.
This second batch consists of seven peer review reports and represents more stage 1 evaluations of the implementation of new minimum standards under action 14 of the OECD/G20 project on base erosion and profit shifting (BEPS). Action 14 is concerned with ensuring that dispute resolution mechanisms for resolving tax treaty related disputes are more effective.
The reports relate to Austria, France, Germany, Italy, Liechtenstein, Luxembourg and Sweden. For each jurisdiction the OECD has published a peer review analysis and for countries opting for the assessment of best practices there is also a document addressing the implementation of the best practices.
In stage 2 of the peer review process measures taken to address the issues identified in the stage 1 peer review reports will be monitored.
The stage 1 peer review reports are part of the process of measuring the tangible progress made by members of the Inclusive Framework on BEPS. The seven jurisdictions are now taking steps to deal with many of the deficiencies identified in the reports.
