The OECD was requested by the G8 at its Lough Erne summit “to find ways to address the concerns expressed by developing countries on the quality and availability of the information on comparable transactions that is needed to administer transfer pricing effectively”. The OECD has now released a paper which sets out and briefly discusses 4 possible approaches to addressing the concerns over the lack of data on comparables that have been expressed by developing countries. It is an interim draft that has been released to obtain comments, suggestions and prioritisation of the potential measures identified in the paper.
Written comments are due by 11 April 2014
[LTN 48, 12/3/14]