13/11/2013 - On 12-13 November 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.”
Michelle Levac of Canada, the Chair of Working Party No. 6 of the OECD Committee on Fiscal Affairs said: “We have here representatives from business, from academia, from NGOs and the press, and of course government officials. This consultation builds on the previous public consultations since 2010 and the input we have received from our regular dialogue with developing countries through the Global Forum on Transfer Pricing and through regional events. We very much appreciate the input we have received and the candid discussion of the open points at this consultation, which will enable us to finalise the guidance on intangibles and documentation by September next year in accordance with the BEPS Action Plan.”
After considering the discussion at the public consultation, OECD Working Party No. 6 will finalise its revised guidance on intangibles and will pursue the various transfer pricing aspects of the BEPS Action Plan.
For more information, please contact Pascal Saint-Amans, Director of the OECD’s Centre for Tax Policy and Administration (CTPA) or Grace Perez-Navarro, Deputy Director of the CTPA on +33 1 45 24 18 80.
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