The Organisation for Economic Co-operation and Development (OECD) in late April 2015 released a discussion draft concerning an action item under the base erosion and profit shifting (BEPS) project—Action 8 (cost contribution arrangements). The BEPS Action 8 discussion draft proposed revisions to Chapter VIII of the Transfer Pricing Guidelines, and invited comments concerning the BEPS Action 8 discussion draft.
Comments from KPMG tax professionals were submitted to the OECD. Read the KPMG comments [PDF 96 KB] to BEPS Action 8.
The next step is a public consultation to be held in Paris in July 2015.