New OECD work on transfer pricing guidelines begins in April
February 17, 2008
Centre for Tax Policy Administration director aims for Spring announcement
The OECD will announce its new schedule of work on revisions to the 1995 transfer pricing guidelines in April. Jeffrey Owens, director of its Centre for Tax Policy and Administration, told TP Week that the ongoing revision of the guidelines will continue following that announcement. The Centre issued its draft consultation on proposed changes to policy on profit-based methods in January. Before that, it started the work with proposed revisions to the chapter on comparables.
LINK to papers on comparables
“In the 1995 guidelines the profit-based methods are the Cinderellas. Tolerated but not encouraged – the methods of last resort. We need to review that,” Owens said.
LINK to consultation paper on profit-based methods
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