The role of tax administrations in implementing the OECD/G20 work on the international tax agenda will be the focus of the 10th Plenary meeting of the OECD Forum on Tax Administration (FTA) to be held in Beijing, People's Republic of China, on 11-13 May 2016.
The Forum on Tax Administration is a unique body that brings together Tax Commissioners from 46 of the most advanced tax administrations, including OECD and G20 countries, to work collaboratively on global tax administration challenges and take collective action to achieve common goals. The Beijing meeting will see participation from the Heads of tax administrations and senior officials representing FTA member jurisdictions*, and invited countries. It is also an opportunity for the FTA to meet and engage with other international partners working to advance tax administration.
Reflecting the recent G20 endorsement of the Base Erosion and Profit Shifting (BEPS) package, a primary focus of the FTA Plenary will be on BEPS implementation priorities and the impact of the post-BEPS environment on tax administrations.
Against a backdrop of recent tax policy developments, such as the Common Reporting Standard (CRS), paired with the realities of increasing globalisation, increasing mobility for taxpayers and increasing information exchange between tax authorities, tax administrators will host discussions on working collaboratively to address cross-border tax evasion.
The meeting will also highlight innovations, leading practices, and future opportunities in relation to efforts by tax administrations to make better use of data and analytics as well as in the application of e-services and digital solutions. Participants will also consider the changing landscape of tax service providers.
In recognition of the global responsibility of FTA members to aid developing countries in the improvement of tax administration, the Plenary will also explore recommendations for improving the efficiency and effectiveness of technical assistance, and to enhance capacity building coordination and collaboration with other international organisations.
The Plenary will also host the second signing ceremony of the Multilateral Competent Authority agreement for the automatic exchange of Country-by-Country reports (the "CbC MCAA"), continuing the efforts to boost transparency by multinational enterprises (MNEs). The MCAA will enable consistent and swift implementation of new transfer pricing reporting standards developed under Action 13 of the BEPS Action Plan and will ensure that tax administrations obtain a complete understanding of the way MNEs structure their operations, while also ensuring that the confidentiality of such information is safeguarded.
Bron: OECD
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