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Today’s Top Headlines

BRICS Nations Affirm Support For BEPS Project

by Mary Swire,, 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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