The OECD has released three discussion drafts that propose practical guidance on how to apply several key BEPS actions.
This is another step forward in the project to successfully tackle international base erosion and profit shifting. One discussion draft addresses the design and operation of the "group ratio rule" under Action 4. Another focuses on the attribution of profits to permanent establishments under Action 7. Finally, the third discussion draft concerns the use of "profit splits" in the context of global value chains as per Actions 8-10.
For more information, contact your KPMG adviser.
Information is current to July 19, 2016.