Further tightening of TP rules - The BEPS Project
An important initiative is currently fully underway in the OECD. Its goal is to coordinate the revision of international aspects of taxation and their adaptation to current conditions.
This initiative is known under the abbreviation “BEPS” (Base Erosion and Profit Shifting) and it is focused primarily on practices that are used to minimise the tax obligation through the erosion of tax bases and the shifting of profits to other countries.
Detailed information are available in the enclosed newsletter.