The ‘platform for collaboration on tax’ requests public feedback on a draft toolkit designed to help developing countries tackle the complexities of taxing ‘offshore indirect transfers’ of assets. These transfers involve the sale of an entity that owns an ‘immovable’ asset located in a different country, by a non-resident of the country where the asset is located. The tax treatment of such transfers was not addressed by the BEPS project, but is a significant concern in many developing countries and has become a relatively common practice among multinational corporations.
The toolkit responds to a request by the development working group of the G20.
The ‘platform for collaboration on tax’ requests public feedback on a draft toolkit designed to help developing countries tackle the complexities of taxing ‘offshore indirect transfers’ of assets. These transfers involve the sale of an entity that owns an ‘immovable’ asset located in a different country, by a non-resident of the country where the asset is located. The tax treatment of such transfers was not addressed by the BEPS project, but is a significant concern in many developing countries and has become a relatively common practice among multinational corporations.
The toolkit responds to a request by the development working group of the G20.
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