UK and International Tax news

OECD Consults On Transfer Pricing Matters

Monday 18th November 2013

On 12 and 13 November 2013, 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.

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.

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