THE OECD committee on fiscal affairs had released a discussion draft on the definition of permanent establishment in the OECD model tax convention and sought public opinion. The comments received during the designated period on the draft have been released by the OECD and the working party 1 of the committee has discussed most of the comments received. The discussions shall continue until the next meeting of the committee expected in September 2012.

The inputs on the discussion draft came from institutions like British Private Equity & Venture Capital Association (BVCA),Bundessteuerberaterkammer KdöR (German Federal Chamber of Tax Advisers),Business and Industry Advisory Committee to the OECD (BIAC),Chartered Institute of Taxation (CIOT) , CMS ,Deloitte LLP (London),European Business Initiative on Taxation (EBIT), International Chamber of Commerce – Taxation Commission (ICC) ,Japan Foreign Trade Council – Accounting & Tax Committee (JFTC), Siemens ,Tax Executives Institute, Inc. (TEI) ,Tax Faculty - The Institute of Chartered Accountants in England and Wales (ICAEW).