Final ICC comments on Platform Toolkit on Taxation of OITs
The Platform for Collaboration on Tax – a joint initiative of the IMF, OECD, UN and World Bank Group – sought feedback on a draft toolkit designed to help developing countries tackle the complexities of taxing offshore indirect transfers of assets in September 2017.
The Platform partners processed and responded to the comments in a new draft version of the report, which attempts to clarify a number of issues with a further call for comments on the revised draft.
ICC submitted comments to the initial consultation in 2017 and welcomed the opportunity to further comment on the Platform for Collaboration on Tax Revised Report on the Taxation of Offshore Indirect Transfers (OITs) of Assets.
ICC seeks to provide a comprehensive business perspective on these issues to assist the Platform in establishing an effective and global solution and encourages the Platform’s continued engagement with the business community in order to address pragmatic and effective approaches.
To this end ICC has provided comments for the Platform’s consideration.