Insurance EuropeInsurance Europe
More clarity needed in latest OECD tax avoidance paper

Insurance Europe supports the efforts of the Organisation for Economic Co-operation and Development (OECD) to tackle tax avoidance through its base erosion and profit shifting (BEPS) initiative.

In its recent response to the OECD’s BEPS consultation on the transfer pricing aspects of financial transactions, Insurance Europe called for greater clarity in the OECD’s paper to ensure that the guidance is correctly applied.

In particular, the paper should differentiate more clearly between captive insurance transactions and other forms of (re)insurance and between non-insurance multinational groups and multinational insurers.

Published 12 September 2018
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