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28 September 2017 OECD releases first batch of peer review reports on Action 14 The Organisation for Economic Co-operation and Development (OECD) released the first batch of peer review reports on September 26, relating to the implementation by Belgium, Canada, the Netherlands, Switzerland, the United Kingdom and the United States of the Base Erosion and Profit Shifting (BEPS) minimum standards on Action 14 on improving tax dispute resolution mechanisms. These jurisdictions had also requested that the OECD provide feedback concerning their adoption of the Action 14 best practices, and therefore, the OECD has also released six accompanying best practices reports. Overall, the reports conclude that these jurisdictions meet most of the elements of the Action 14 Minimum Standard. In the next stage of the peer review process, each jurisdiction's efforts to address any shortcomings identified in its Stage 1 peer review report will be monitored. Document ID: 2017-1570 |
