The week of 24 February, a BIAC delegation from the Taxation and Fiscal Affairs Committee met in New Delhi and in Beijing with the Indian and Chinese tax authorities, respectively, to discuss the G20 OECD BEPS project. As key members of the G20, China and India will play a critical role in the project (as will the Brazilian government with whom a BIAC delegation met last October).

The urgent need to implement reforms to stimulate private sector investment, trade and job creation was at the core of discussions, which took place at BIAC’s annual meeting with OECD Ambassadors and Secretary General Angel Gurría on 20 January.

15 years after the entry into force of the OECD Anti-Bribery Convention, BIAC would like to congratulate the OECD for its contributions to combat bribery and reiterate its support for an effective implementation of the Convention.

Klaus Moosmayer and Hanni Rosenbaum, Business Compliance

BIAC congratulates the OECD on the organisation of its Green Growth and Sustainable Development Global Forum, and welcomes the ongoing substantive dialogue with BIAC on this vital area for business.

Will Morris, Chairman of BIAC’s tax and fiscal policy committee, closed the OECD’s public transfer pricing consultation in Paris yesterday by praising the organisation’s inclusion of civil society.

Will Morris, Chairman of the BIAC Committee on Taxation and Fiscal Policy

OECD officials and representatives of OECD member countries who participated in an October 1 “business dialogue” on the base erosion and profit shifting action planwere receptive to the business community’s concerns. Kristen A. Parillo, Tax Analysts

On 8 October, Brazil’s National Confederation of Industry (CNI), together with the Business and Industry Advisory Committee to the OECD (BIAC), held a conference on Brazilian and International Tax Issues in Brasilia. The meeting included representatives from the Federal Revenue of Brazil, the OECD Secretariat, multinational enterprises and Brazilian government agencies.

Business is concerned that unilateral tax and transfer pricing measures recently proposed or adopted by some jurisdictions to address base erosion and profit shifting could jeopardize the coherence of international work on BEPS. Rick Mitchell, Transfer Pricing Report

On October 1, BIAC held a second business dialogue with OECD and member governments in Paris to discuss the OECD Action Plan on Base Erosion and Profit Shifting (BEPS).

The OECD BEPS Action Plan was endorsed by G20 Leaders in Saint Petersburg in September 2013. More than 100 business participants from across sectors and jurisdictions participated in the second business dialogue organised by BIAC.

Corresponding with the meeting of G20 Leaders that started yesterday, BIAC issued a Statement of Tax Principles for International Business and a Statement of Tax Best Practices for Engaging with Tax Authorities in Developing Countries.