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Base erosion and profit shifting

Tax officials and stakeholders from Asia-Pacific meet in the Philippines to discuss proposals to address the tax challenges of the digitalisation of the economy

 

22/11/2019 - A regional meeting on tax and digitalisation for Asia and the Pacific, co-hosted by the Asian Development Bank (ADB) in collaboration with the Organisation for Economic Co-operation and Development (OECD), took place in Manila, the Philippines on 19-20 November 2019. The meeting was opened by Mr. John Versantvoort, Head of the ADB's Office of Anticorruption and Integrity. It was co-chaired by Ms. Antonette Tionko, Undersecretary of Finance for the Philippines and Mrs. Koni Ravono, Head of the Secretariat of the Pacific Islands Tax Administrators Association.

 

Over 100 delegates from 33 countries, international and regional organisations, business and civil society, participated in the event. The agenda focussed on both the so-called "Pillar One" proposal for a unified approach to rebalance the allocation of taxing rights and introduce a greater measure of certainty into the international tax system; and "Pillar Two" or the Global Anti-Base Erosion proposal to ensure the profits of multinational enterprises are subject to an adequate level of taxation.

 

Tax officials and stakeholders from Asia-Pacific meet in the Philippines to discuss proposals to address the tax challenges of the digitalisation of the economy

 

The meeting offered an opportunity for participants, both members of the OECD/G20 Inclusive Framework on BEPS and non-members, as well as civil society and the business community, to actively contribute their views to the discussions on the proposals currently under discussion.

 

The meeting took place immediately prior to the meeting of the Task Force on the Digital Economy (TFDE) and public consultation meeting on the Secretariat Proposoal for a "Unified Approach under Pillar One in Paris. The outcomes of the Manila meeting will be conveyed to the TFDE to form part of their deliberations as work on the proposals continues. Participants supported holding further regional meetings on this topic in 2020.

 

The outcomes of the meeting can be found in the Co-Chairs' Statement.

 

Media enquiries should be directed to CTP.Communications@oecd.org.

 

 

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