EARLY this week the OECD held
a public consultation on transfer pricing topics at the OECD Conference Centre
in Paris. The meeting was attended by delegates from more than 35 countries
and by more than 150 representatives of business, academia, civil society
and the press. The topics discussed at the meeting included public comments
on the 30 July Revised Discussion Draft on Transfer Pricing Aspects of Intangibles,
public comments on the 30 July White Paper on Transfer Pricing Documentation,
the BEPS Action Plan requirement to adopt a system of country-by-country
reporting of selected company financial data to tax administrations, and
the appropriate scope of other transfer pricing aspects of the BEPS Action
Plan. The two-day public consultation was broadcast live over the Internet
to interested parties around the world.
In introductory remarks, Will Morris, the Chair of the BIAC Tax Committee
said: “We acknowledge the huge amount of work that has been done here. We believe
this is a really good basis for going forward and we look forward to engaging
with you constructively over the next couple of days and also into the future.”
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