For American global companies, it is hard to overestimate the importance of the OECD’s tax standards being accepted beyond the organization’s 34 member countries. OECD standards, embodied in a network of over 2,000 bilateral tax conventions, aim to prevent double taxation and ensure the effective resolution of tax disputes when they arise between jurisdictions. Through our affiliation with BIAC, the Business and Industry Advisory Committee to the OECD, USCIB members are able to track developments in the OECD’s tax work and share their views with policy makers from around the world.
In July, a BIAC delegation headed by BIAC Tax Committee Chair Chris Lenon (Rio Tinto) made a second trip to Beijing to meet up with top officials of the Chinese Tax Authority for a practical discussion on key issues for business and for China in context of the OECD tax policy agenda. The BIAC tax leadership also traveled to Cape Town, South Africa in May to address the African Tax Administration Task Force on tax capacity-building issues and to participate in the plenary meeting of the OECD Task Force on Tax and Development.
To read more about these BIAC Tax Committee activities, click here.
Staff Contact: Carol Doran Klein