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11 June 2016 OECD Council approves changes to OECD Transfer Pricing Guidelines to incorporate BEPS reports The Council of the Organisation for Economic Co-operation and Development (OECD Council) on May 23, took the formal step of adopting a recommendation to incorporate the guidance set out in the reports on Base Erosion and Profit Shifting (BEPS) Actions 8-10 and 13, issued in October 2015, into the OECD Transfer Pricing Guidelines (OECD TPG) (the Transfer Pricing Recommendation). Furthermore, the OECD Council adopted a Recommendation on Base Erosion and Profit Shifting Measures Related to Transfer Pricing (the BEPS Recommendation), recommending that both the OECD member countries and non-member countries follow the guidance set out in the Actions 8-10 Report and the Action 13 Report. A Tax Alert prepared by EY's Transfer Pricing group, and attached below, provides additional details. Document ID: 2016-1011 |
