IOTA in the 3rd OECD Meeting of the Inclusive Framework on BEPS

Ágnes Kővágó's picture
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The 3rd Meeting of the Inclusive Framework on Base Erosion and Profit Shifting (BEPS) was held in Noordwijk, the Netherlands, on 21-22 June 2017. The meeting was organised by the OECD Secretariat and the Ministry of Finance of the Netherlands. IOTA was represented by Mr Wolfgang Büttner, Technical Taxation Expert. In the meeting over 200 delegates from 83 countries and jurisdictions as well as 12 international and regional organisations discussed and approved the Inclusive Framework’s first BEPS monitoring report, which will be submitted to the G20 for their summit to be held in Hamburg on 7-8 July 2017. OECD Secretariat reported to participants on the latest successful joint OECD-IOTA meetings.

(Photo: Mr Pascal Saint-Amans, Director of the Center for Tax Policy and Administration of OECD with Mr Wolfgang Büttner.)

The OECD Secretariat provided an update on current issues on the four BEPS Minimum Standards, i.e. Harmful Tax Practices (Action 5), Preventing Treaty Abuse (Action 6), Country-by-Country (CbC) Reporting (Action 13) and Improving Dispute Resolution (Action 14).

The OECD Secretariat also provided an update on the work of the Task Force on Digital Economy (Action 1), on Action 11 (Measuring and Monitoring BEPS) and on the Multilateral Instrument on Tax Treaty Measures to Tackle BEPS (Action 15). The Inclusive Framework approved for public consultation the discussion drafts on Transactional Profit Splits and the Attribution of Profits to Permanent Establishments.

The meeting also discussed the latest developments in the strands of work and initiatives aimed at supporting developing countries, in particular the toolkits that are developed by the Platform for Collaboration on Tax. The Toolkit on Comparables was released during the meeting.

(Photo: Mr Socorro Velázquez, Director Institutional Planning and Development at CIAT and Mrs Mary Baine, Head International Taxation & Technical Assistance at ATAF with Mr Wolfgang Büttner.)

OECD Secretariat reported on the latest very successful joint OECD-IOTA meetings, e.g. the 2nd Regional Meeting of the Inclusive Framework on BEPS in Tbilisi, Georgia, on 5-7 April 2017 and the 1st meeting of the Steering Group of the IOTA Forum on BEPS Implementation in Budapest, Hungary, on 24-26 April 2017. Mr Wolfgang Büttner expressed IOTA’s gratitude to the OECD Secretariat for the fruitful collaboration in the Inclusive Framework on BEPS, and in particular for the joint work to assist IOTA’s non-OECD members in implementing BEPS measures. IOTA also provided an update on the preparational work for the next meeting of the IOTA Forum on BEPS Implementation to be held in Bern, Switzerland, on 11-13 October 2017 and the 3rd Regional Meeting of the Inclusive Framework on BEPS to be held in Bratislava, Slovakia, on 18-20 October 2017.