Countries Gear Up For Key BEPS Meeting

The OECD’s Committee on Fiscal Affairs will hold its first meeting under its new inclusive framework for non-OECD and non-G20 territories to discuss the next step on base erosion and profit shifting (BEPS).

The two-day meeting will take place in Kyoto, Japan, on June 30-July 1, 2016. The event will be attended by senior tax officials including Taro Aso, Japan’s Minister of Finance; Pascal Saint-Amans, Director, OECD Centre for Tax Policy and Administration; and Masatsugu Asakawa, Chair of the OECD’s Committee on Fiscal Affairs.

The OECD said that the meeting will mark a milestone for international tax policy making, as it will for the first time include a broad range of countries representing varying levels of development to address BEPS on an equal footing. The OECD said: “By participating in the decision-making as well as the technical working groups, these countries and jurisdictions will now have a direct influence in shaping the international tax rules.”