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OECD: Bahrain, Saint Lucia join BEPS inclusive framework

OECD: Bahrain, Saint Lucia join BEPS

The Organisation for Economic Cooperation and Development (OECD) announced that Bahrain and Saint Lucia have joined the inclusive framework on base erosion and profit shifting (BEPS).

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The BEPS inclusive framework was launched in June 2016 to provide for BEPS implementation and to address certain areas of international taxation such as:

  • Transfer pricing and interest deductibility
  • Development of practical guidance to support consistent, global implementation of their commitments to the BEPS project
  • Implementation of the four minimum standards arising from the BEPS project—harmful tax practices, tax treaty abuse, country-by-country reporting and dispute resolution mechanisms

As of 11 May 2018, there are 115 jurisdictions listed by the OECD as being parties to the BEPS inclusive framework. The full list [PDF 294 KB] is available on the OECD website.

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