04 September 2018 OECD releases fourth batch of peer review reports on Action 14 The Organisation for Economic Co-operation and Development (OECD) released the fourth batch of peer review reports on August 30, relating to the implementation by Australia, Ireland, Israel, Japan, Malta, Mexico, New Zealand and Portugal of the Base Erosion and Profit Shifting (BEPS) minimum standard on Action 14 (Making Dispute Resolution Mechanisms More Effective). Australia, Japan, Malta and New Zealand had also requested that the OECD provide feedback concerning their adoption of the Action 14 best practices, and the OECD therefore also released four accompanying best practices reports. Overall, the reports conclude that the majority of these jurisdictions meet almost all or most of the elements of the Action 14 minimum standard. Australia meets part of the elements of the Action 14 minimum standard, while Mexico meets half of these elements. Document ID: 2018-1737 |
