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Today’s Top Headlines




BRICS Nations Affirm Support For BEPS Project

by Mary Swire, Tax-News.com, Hong Kong

12 December 2016

The heads of tax authorities from the BRICS states met in Mumbai, India, on December 5-6, 2016, to discuss the implementation of the OECD's base erosion and profit shifting (BEPS) project.

Representatives from the tax authorities of Brazil, Russia, India, China, and South Africa signed a joint communique and called for countries to implement the BEPS project recommendations consistently and in a timely manner. They agreed to exchange valuable experience and share best practices in combating BEPS.

They also committed to support capacity building in developing countries.

TAGS: Russia | South Africa | Finance | tax | investment | business | value added tax (VAT) | India | tax avoidance | law | China | enforcement | ministry of finance | multinationals | tax planning | transfer pricing | Brazil | tax reform | trade | Africa | BEPS

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