On November 7, 2019, TEI filed comments with the Platform for Collaboration on Tax – a joint initiative of the World Bank, OECD, International Monetary Fund, and United Nations – regarding its draft transfer pricing documentation toolkit for developing countries. TEI’s comments responded to four questions posed by the Platform and generally recommended developing countries align their transfer pricing documentation requirements with those recommended by the OECD, including the master/local file approach of BEPS Action 13.
TEI’s comments were prepared under the aegis of the Institute’s European Direct Tax Committee, whose co-chairs are Kris Bodson of Johnson & Johnson and Giles Parsons. Benjamin R. Shreck, TEI Tax Counsel, assisted in preparation of the Institute’s comments.