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OECD pilots new international tax risk programme

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Eight members of the OECD’s forum on tax administration (FTA): Australia, Canada, Italy, Japan, the Netherlands, Spain, the UK and the US, have launched a pilot for a new International Compliance Assurance Programme (ICAP) that will use CbC reports and other information to facilitate co-operation between multinational groups and tax administrations.

By co-ordinating conversations between a multinational group and several tax administrations, the pilot aims to use transfer pricing information more effectively, reduce the use of resources and prevent cases from entering into mutual agreement proceedings. A multilateral assessment of specific international tax risks posed by each group in the pilot is expected to be completed within 12 months.


Issue: 1385
Categories: News , International taxes