BEPS discussion draft: revised guidance on profit splits

 Economy
Sep 112016
 

In 2015, the Organization for Economic Co-operation and Development (OECD) released its final reports on base erosion and profit shifting (BEPS). The reports addressed 15 focus areas, including “Aligning Transfer Pricing Outcome with Value Creation, Actions 8-10 — 2015 Final Reports,” issued on Oct. 5, 2015. BEPS Action Plans 8-10 provided discussions regarding, among others, the “Guidance on Applying Arm’s Length Principle” and “Scope of Work for Guidance on the Transactional Profit Split Method.” The discussions mentioned additional work to be conducted by the OECD to produce new guidance on the application of the transactional profit split method.

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.

PHL only emerging Asian nation with strong momentum: OECD

 Entertainment
Sep 112013
 
PHL only emerging Asian nation with strong momentum: OECD

Workers of National Parks Development Committee (NPDC) rush the beautification of all Manila City parks including Luneta Park on Monday (Sept. 9, 2013) (MNS photo) PARIS, September 9, 2013 (AFP) – Growth is picking up pace in most major rich nations but momentum is slowing or stable in emerging economies, the OECD said on Monday. Economic growth is accelerating in the United States, Britain and the eurozone, while it is above trend in Japan, according to the OECD’s index of composite leading indicators. The index is considered to be a reliable guide to future economic activity. The index suggested Italy and France are switching to growth. But the OECD, grouping 34 advanced countries, said growth was below trend in Brazil and India. Meanwhile it was returning to trend in China and was around trend level in Russia. In a separate report, the OECD said the Philippines was the only emerging Asian nation with strong business cycle momentum, although China and Singapore have stabilized. The OECD said “the key imminent downside risk facing Southeast Asia, China and India is the turmoil in the financial market, triggered by the prospects of tapering of quantitative easing (QE) policy in the US.” The US stimulus program led to a flood of funds into emerging markets seeking higher returns, but the impending shift in monetary policy has seen a sharp withdrawal, causing currencies and equities in some emerging markets to slump.