18 December 2017 OECD releases second batch of peer review reports on Action 14 The Organisation for Economic Co-operation and Development (OECD) released the second batch of peer review reports on December 15, relating to the implementation by Austria, France, Germany, Italy, Liechtenstein, Luxembourg and Sweden of the Base Erosion and Profit Shifting (BEPS) Minimum Standards on Action 14 on Making Dispute Resolution Mechanisms More Effective. Austria, Liechtenstein, Luxembourg and Sweden had also requested that the OECD provide feedback concerning their adoption of the Action 14 best practices, and therefore, the OECD has also released four accompanying best practices reports. Overall, the reports conclude that these jurisdictions meet most of the elements of the Action 14 Minimum Standards. In the next stage of the peer review process, each jurisdiction's efforts to address any shortcomings identified in its Stage 1 peer review report will be monitored. Document ID: 2017-2133 |
