Business Remains Engaged in OECD BEPS Project

Fountain pen on taxOver 75 participants attended the Business and Industry Advisory Committee (BIAC) to the OECD Committee on Taxation and Fiscal Policy meeting on April 6. Representatives from the OECD’s Centre for Tax Policy and Administration gave members an insight into future work on the Base Erosion and Profit Shifting (BEPS) agenda and took note of considerable business concerns regarding BEPS implementation. BIAC remains engaged in the ongoing BEPS work at the OECD and in particular the implementation of BEPS measures at the national level.

In a letter to the European Commissioner for Economic and Financial Affairs, Taxation and Customs, BIAC expressed concerns about the European Anti-Tax Avoidance Directive, some elements of which are inconsistent with the consensus recommendations reached at the OECD and risk the further fragmentation of the international tax system. Additionally, a new BIAC working group has been formed to consider how business can advocate on the issue of Country-by-Country reporting implementation.

Staff Contact:   Carol Doran Klein

VP and International Tax Counsel
Tel: 202.682.7376

Carol Doran Klein manages USCIB’s Taxation Committee and represents member views on key tax policies and initiatives to the U.S. government and to various international forums. She also serves as vice chair on the executive bureau of the BIAC Tax Committee, where she represents the views of U.S. business. As vice chair she participates in meetings with senior OECD secretariat officials and members of the OECD’s Committee on Fiscal Affairs.
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