18 September 2018 OECD releases Australia peer review report on implementation of Action 14 minimum standard The Organisation for Economic Co-operation and Development (OECD) released the fourth batch of peer review reports on August 30, relating to the implementation of the Base Erosion and Profit Shifting (BEPS) minimum standard under Action 14 on improving tax dispute resolution mechanisms. Australia was among the assessed jurisdictions in the fourth batch. Australia requested that the OECD also provide feedback concerning their adoption of the Action 14 best practices, and, therefore, in addition to the peer review report, the OECD has released an accompanying best practices report. Overall the report concludes that Australia meets most of the elements of the Action 14 minimum standard. In the next stage of the peer review process, Australia's efforts to address any shortcomings identified in its Stage 1 peer review report will be monitored. Document ID: 2018-1838 |
