How BEPS Action Plans are changing transfer pricing

 Economy
Apr 022017
 

Ernst & Young (EY) recently conducted a Transfer Pricing Survey to determine how companies are addressing the Action Plans issued by the Organisation for Economic Co-operation and Development (OECD) under the Base Erosion and Profit Shifting (BEPS) project. The survey involved respondents in 36 jurisdictions and across 17 industries.
As a background, the BEPS project was initiated at the request of G20 countries to address issues arising from the use of old tax frameworks that do not match current practice of doing business across borders.

BEPS Action Plan 13: Transfer pricing documentation and country-by-country reporting

 Economy
Nov 012015
 

First of two parts Of the 15 Action Plans to address Base Erosion and Profit Shifting (BEPS), Action Plans 8 to 13, or those dealing with transfer pricing (TP), are generally expected to have an immediate impact because most of the recommendations under the TP-related Action Plans can be implemented right away without the need for changes to bilateral tax treaties or domestic laws.

OECD final report on Base Erosion and Profit Shifting (BEPS): Overview

 Economy
Oct 252015
 

(Second of two parts) In last week’s column, we discussed how the Organization for Economic Cooperation and Development (OECD) issued its final report on all the 15 BEPS Action Plans on Oct. 5, which was the culmination of two years of work with the intent of restoring confidence in the international tax framework by addressing weaknesses that create opportunities for Base Erosion and Profit Shifting (BEPS). We previously looked at the first seven Action Plans, which discussed areas such as hybrid mismatch arrangements, controlled foreign company rules, interest benefits and treaty benefits, among others. We will now continue with the remaining six Action Plans.