On 23 May 2016, the OECD Council approved the amendments to the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations ("Transfer Pricing Guidelines"), as set out in the 2015 BEPS Report on Actions 8-10 "Aligning Transfer Pricing Outcomes with Value Creation" and the 2015 BEPS Report on Action 13 "Transfer Pricing Documentation and Country-by-Country Reporting".
Public policy has an important role to play in promoting research and development (R&D) and the development, diffusion, and use of new knowledge and innovations. Fiscal incentives, including tax policies, should be directed at specific barriers, impediments or synergies to facilitate the desired level of investment in R&D and innovations.
Welcome to the 4th Global Forum on Responsible Business Conduct. This year we are celebrating the 40th anniversary of the OECD Guidelines for Multinational Enterprises, the OECD’s main instrument for promoting better business practices. This is a good moment to reflect on the potential multilateralism. In the past year the global community has reached a breakthrough climate agreement at COP21 and established an ambitious set of SDGs.
I am delighted to welcome you for a performance of Note Etiche. Thank you Ambassador Checchia for this original initiative. It will be wonderful to hear live music and policy debate intertwine! Especially around such a key, topical issue as business integrity and ethics in the financial sector. We could not ask for a better, more pleasant prelude for tomorrow’s Global Forum on Responsible Business Conduct.
Mr Jefferson VanderWolk has been appointed Head of the Tax Treaty, Transfer Pricing & Financial Transactions Division in the Centre for Tax Policy and Administration. He will take up his duties in early July 2016.
Jamaica and Uruguay today signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and Brazil deposited its instrument of ratification of the Convention on the occasion of the launch of the OECD’s Latin American and Caribbean Regional Programme and the OECD Ministerial Council Meeting.
Public comments are invited on technical issues identified in a request for input related to the development of a multilateral instrument to implement the tax-treaty related BEPS measures. Comments should be sent by 30 June 2016 at the latest.
Forum 2016, entitled Productive economies, Inclusive societies will be organised around the 3 cross-cutting themes of the OECD Week: inclusive growth and productivity, innovation and the digital economy, and international collaboration for implementing international agreements (COP21 and the Sustainable Development Goals) and standards (BEPS and automatic exchange of information).
If there is a silver lining to the 2008 financial crisis, it is that it was a catalyst for the unprecedented progress we have made in building robust international tax standards for the interconnected global economy of the 21st century.
English, PDF, 646kb
Highlights and achievements of the Forum on Tax Administration 2015-2016.