01/12/2016 - 50 delegates from 16 countries, 4 international organisations, business and civil society gathered in Manila for the first regional meeting of the Inclusive Framework on Base Erosion and Profit shifting (BEPS) in the Asia-Pacific region after the launch of the Inclusive Framework in Kyoto on 30 June-1st July 2016. This meeting is one in a new series of events that offer participants from different regions in the world the opportunity to feed in their views and provide their input into the Inclusive Framework on BEPS.
Participants discussed the latest developments on the implementation work on BEPS in light of the work taking place in the Committee on Fiscal Affairs' Working Parties. Participants were also updated on the progress of the work on the toolkits aimed at addressing the specific needs of developing countries in implementing the BEPS and BEPS-related measures. These discussions provided a forum for setting out the priorities of needs of Asian-Pacific countries in relation to capacity building and training.
The event was hosted by the Asian Development Bank (ADB) and organised by the OECD in partnership with the Korea Policy Centre (KTC). Participants included senior officials from Ministries of Finance and Tax Administrations from Bhutan, Brunei Darussalam, Cambodia, Fiji, Indonesia, Japan, Korea, Malaysia, Maldives, Myanmar, People's Republic of China, Philippines, Singapore, Sri Lanka, Thailand and Vietnam, as well as business representatives (BIAC/Unilever), from civil society (Asian People's Movement on Debt and Development) and IMF.
The meeting was co-chaired by Mr. John Hutagaol, Director of International Taxation in the Ministry of Finance of the Republic of Indonesia, and Mr. Kwangouck Byun, Director of Tax Treaty Division in the Korean Ministry of Strategy and Finance.