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OECD proposes extended forum for BEPS standard setting

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The OECD has proposed creating a new forum to allow all interested countries and jurisdictions to participate in setting the remaining standards under the BEPS project, working as associates alongside OECD and G20 members. The mandate for the new group will focus on the implementation of the four BEPS minimum standards, relating to: harmful tax practices; tax treaty abuse; country-by-country reporting requirements for transfer pricing; and improvements in cross-border tax dispute resolution.

G20 finance ministers will be asked to endorse the proposal at their meeting in Shanghai later this month.

Issue: 1298
Categories: News