The Organization for Economic Cooperation and Development (OECD) has recently published a revised timetable for public consultations on Base Erosion and Profit Shifting (BEPS) and the release of Discussion Drafts. Three Discussion Drafts will be released between late March and early April, on the subjects of Tax Treaty Abuse, The Tax Challenges of the Digital Economy, and Hybrid Mismatch Arrangements.
The public consultations will also be launched in this period, after the expiry of the deadline for industry stakeholders to submit their comments. Another public consultation on Country-by-Country (CbC) Reporting and Transfer Pricing will start in late May, following the release of the corresponding Draft on January 30, 2014. The OECD is also expected to request input on a new methodology for calculating effective corporate tax rates, in a consultation expected to launch in March 2014.
