OECD tentatively announces simplifications to Country by Country Reporting

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On 2 April 2014, the Organisation for Economic Cooperation and Development (OECD) hosted its second webcast on the Base Erosion and Profit Shifting (BEPS) project. A replay and the slides for the webcast can be found on the OECD website [http://www.oecd.org/tax/beps-webcasts.htm].

The webcast provided an update on the current activity of the OECD with respect to its July 2013 “Action Plan on Base Erosion and Profit Shifting.”

The discussion focused on progress and deliverables related to the Actions that have a September 2014 delivery date. The most significant discussion related to Action 13 on Transfer Pricing Documentation and Country by Country Reporting where Joe Andrus announced tentative decisions to make significant simplifications to the Country by Country Reporting template.

Details on this and the rest of the webcast can be found in the attached alert.