AS many as 50 delegates from 16 countries, four international
organisations, business and civil society gathered in Manila for the first
regional meeting of the Inclusive Framework on Base Erosion and Profit shifting
(BEPS) in the Asia-Pacific region after the launch of the Inclusive Framework in
Kyoto on 30 June-1st July 2016. This meeting is one in a new series of events
that offer participants from different regions in the world the opportunity to
feed in their views and provide their input into the Inclusive Framework on
BEPS.
Participants discussed the latest developments on the
implementation work on BEPS in light of the work taking place in the Committee
on Fiscal Affairs' Working Parties. Participants were also updated on the
progress of the work on the toolkits aimed at addressing the specific needs of
developing countries in implementing the BEPS and BEPS-related measures. These
discussions provided a forum for setting out the priorities of needs of
Asian-Pacific countries in relation to capacity building and
training.
The event was hosted by the Asian Development Bank (ADB) and
organised by the OECD in partnership with the Korea Policy Centre (KTC).
Participants included senior officials from Ministries of Finance and Tax
Administrations from Bhutan, Brunei Darussalam, Cambodia, Fiji, Indonesia,
Japan, Korea, Malaysia, Maldives, Myanmar, People's Republic of China,
Philippines, Singapore, Sri Lanka, Thailand and Vietnam, as well as business
representatives (BIAC/Unilever), from civil society (Asian People's Movement on
Debt and Development) and IMF.
The meeting was co-chaired by Mr. John
Hutagaol, Director of International Taxation in the Ministry of Finance of the
Republic of Indonesia, and Mr. Kwangouck Byun, Director of Tax Treaty Division
in the Korean Ministry of Strategy and Finance.
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