G20 tax symposium on BEPS set for Istanbul

Turkey is to host a G20 international tax symposium next month to discuss developments to address Base Erosion and Profit Shifting (BEPS) and the exchange of information between tax administrations

The event, organised by Turkish Ministry of Finance, also aims to ensure that developing and low-income countries benefit from the G20’s work on tax and other related matters.

Sessions will cover a number of items on the OECD’s 15-point action plan for BEPS, including addressing BEPS in the digital economy; interest deductibility and hybrid mismatch arrangements; transfer pricing and its relevance for developing countries; data, economic analyses and spill-over effects; automatic exchange of information; and international consensus on BEPS.

The OECD has already released details of some deliverables and is working on releasing more deliverables from the BEPS project by September 2015. It is currently consulting on a discussion draft looking at how to improve its methodology for assessing how actions under the BEPS plan are being implemented.

The G20 international tax symposium takes place from 6 to 8 May in Istanbul.