As governments and the business community get ready for the release of the OECD’s proposed national actions in its controversial Base Erosion and Profit-Shifting (BEPS) initiative, USCIB Vice President and International Tax Counsel Carol Doran Klein has agreed to be a keynote speaker at a October 15-16 conference in Toronto on global transfer pricing and related tax issues, including BEPS.
The conference is being organized by Bloomberg BNA and Baker & McKenzie. Klein is expected to provide a business insider’s assessment of the BEPS deliverables.
The OECD has announced that it plans to unveil the proposed BEPS deliverables at this October’s G20 finance ministers meeting in Lima, Peru. Last month, USCIB and two other associations sent a letter to letter to U.S. Treasury Secretary Jacob Lew citing concerns with BEPS and noting the threat of double taxation to global trade and investment. The BEPS project was a primary focus of USCIB’s annual tax conference with the OECD in June.
BIAC, the Business and Industry Advisory Committee to the OECD, said its member organizations fully appreciated that this is only the end of the “first half,” of the BEPS project, with national implementation constituting the “second half.”
“It is crucial that recommendations not only protect countries’ tax bases, and the ability of governments to raise revenue, but also protect and encourage cross border trade and investment by providing a predictable fiscal environment, that will help create jobs and growth,” BIAC said.