Chris Morgan (KPMG) provides your monthly review of developments in the international sphere, with reflections on last week’s developments on BEPS, the UK draft proposals to implement country by country reporting for the extractive industry, plus updates from India, Canada and China
On 16 September the OECD published seven papers (three reports and four draft instruments) covering the 2014 actions set down in the base erosion and profit shifting (BEPS) action plan published in July 2013 along with the OECD’s recommendations on the next steps to be taken. These much anticipated first seven deliverables cover: the digital economy; hybrid mismatches; countering harmful tax practices; preventing treaty abuse; transfer pricing and intangibles; transfer pricing documentation (including country by country reporting); and developing a multilateral instrument to...
