The revised Chapter VI of the OCED’s Transfer Pricing Guidelines on transfer pricing aspects of intangibles proposed for delivery in September 2014 will not be final guidance on the subject, Michelle Levac, Chair of Working Party No 6 of the OECD Committee on Fiscal Affairs, has said.
Levac made the announcement at the NABE Transfer Pricing Symposium held on 22-24 July 2014, in Washington, DC, USA, where she provided a behind-the-scenes insight into efforts by the OECD’s Working Party No 6 on the kinds of special measures proposed to be implemented as part of BEPS action points 8, 9, and 10, to address the existing flaws in the transfer pricing system with respect to the taxation of intangibles.
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