On October 1, the Business and Industry Advisory Committee to the OECD (BIAC) will hold an international business consultation on the Base Erosion and Profit Sharing (BEPS) Action Plan together with governments and the OECD Secretariat at the OECD in Paris. The meeting agenda will cover the full BEPS Action Plan, with the aim to provide business input early in the BEPS process. BIAC has launched a BEPS web resource to provide full background information for this important project.
The OECD BEPS Action Plan was endorsed by G20 Finance Ministers on July 19, 2013 in Moscow and subsequently by the G20 governments in Saint Petersburg in September. The Action Plan sets out 15 areas of work to be undertaken across a range of tax issues, including the digital economy, transfer pricing, coherence of corporate income taxation, as well as transparency, certainty and predictability of taxation. The timeline for BEPS is ambitious, aiming for completion by December 2015, and will integrate a number of related on-going OECD projects on fundamental tax issues, among them the definition of permanent establishment, and the transfer pricing of intangibles.
This fall, the BIAC Tax Committee will continue to provide input to the OECD on the entire range of BEPS related issues. BIAC also continues its dialogue on tax with emerging economies, including China, India and Brazil. On October 7-8, BIAC, together with its Brazilian Observer CNI, the National Confederation of Industry of Brazil, will hold a conference on Brazilian and International Tax Issues with the participation of business, the OECD and the Brazilian tax authorities.
Staff contact: Carol Doran Klein