22/01/2016 - Ministers and top tax officials from more than 30 countries will sign an international agreement at the OECD on Wednesday 27 January 2016 that will significantly advance the fight against corporate tax avoidance.
OECD Secretary-General Angel Gurría and French Finance Minister Michel Sapin will brief the media at 17:00 at the OECD, after which Mr Sapin and representatives of more than 30 countries will sign the Multilateral Competent Authority Agreement (MCAA).
This is the first signing ceremony for adhesion to the MCAA, which will facilitate automatic exchange of Country-by-Country reporting called for in the OECD/G20 Base Erosion and Profit Shifting Project.
The MCAAwill enable consistent and swift implementation of new transfer pricing reporting standards developed under Action 13 of the BEPS Action Plan, ensuring that tax administrations obtain a complete understanding of the way multinational enterprises (MNEs) structure their operations, while also ensuring that the confidentiality of such information is safeguarded.
Further information on Country-By-Country Reporting is available at: http://www.oecd.org/tax/transfer-pricing-documentation-and-country-by-country-reporting-action-13-2015-final-report-9789264241480-en.htm.