International efforts to combat tax avoidance got a boost today as OECD broadens dialogue
29 March 2014
Posted by: Author: OECD
Over 330 senior tax officials from more than 110 jurisdictions and international organisations met in Paris on 26-28 March 2014 during the 3rd Annual Meeting of the Global Forum on Transfer Pricing. The meeting was especially targeted at discussing solutions to base erosion and profit shifting (BEPS) as reflected in the transfer pricing action points of the Action Plan on BEPS released in 2013. During the final day of the conference, government officials were joined by business representatives and non-governmental organisations for a meeting of the OECD Task Force on Tax and Development, a multi-stakeholder platform. Participants discussed the challenges faced by developing countries in targeting BEPS.
In his opening address, Pascal Saint-Amans, Director of OECD’s Centre for Tax Policy and Administration, stressed the need for internationally co-ordinated action. "Global standards are needed, both to attract investment and to be able to tax the fruits of that investment.” he said.
In his opening remarks to the meeting of the Task Force on Tax and Development, Duncan Onduru, Executive Director of the Commonwealth Association of Tax Administrators (CATA) recognised that the challenges posed by BEPS may differ between countries with different levels of development. He also recognised the importance of an interactive exchange of thoughts and experiences. "You have had two days of very serious talks amongst tax mandarins. Today we welcome representatives from business and NGOs to discussions of the Task Force on Tax and Development. While we will still be discussing serious issues, I invite you to do so with relaxed faces.” he said.
A statement of outcomes providing an overview of the the content of the discussions and conclusions reached will be issued in the coming days.
This article first appeared on oecd.org.