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.

Among the many negotiation frameworks that aim to facilitate open trade, the work of the OECD is critical in providing the soundest possible economic analysis. Supported by BIAC’s advice and advocacy from the business sectors of all member countries, the OECD is uniquely placed to advance business-led growth.

P. O’Reilly, World Commerce Review

Over the next two years, the reader of this newspaper  will be subjected to an increasing number of articles and news about BEPS,  Base Erosion and Profit Shifting. It is a central theme of the G20 agenda. Brazilian companies, especially those with international operations, must put this issue on the radar.

J.A. Coelho Fernandes, Valor Econômico

BIAC and the International Organisation of Employers (IOE) met yesterday with G20 Labour Ministers in Moscow to discuss necessary policies for growth and job creation.

At the 18 July consultation with G20 Labour Ministers, BIAC and the IOE were supported by their Member Organisations as part of the B20 delegation led by the Russian Employers (RSPP). Trade union representatives were also present.