Unexpected outcomes and potential challenges that businesses may need to consider
The OECD/G20 Inclusive Framework (IF) on Base Erosion and Profit Shifting (BEPS) in February 2024 released a report on Amount B, the OECD鈥檚 initiative to simplify and streamline the application of the arm鈥檚 length principle to baseline marketing and distribution activities. The guidance gives jurisdictions the option to apply the Amount B approach from January 2025, either as a taxpayer safe harbor or as a mandatory rule.
Read a聽June 2024 report* prepared by 乐鱼(Leyu)体育官网 LLP that highlights unexpected outcomes and potential challenges that businesses may need to consider in their response to Amount B.
* Reproduced with permission from Tax Management International Journal, 6/3/2024. Copyright聽@听2024 by Bloomberg Industry Group, Inc. (800-372-1033) http://www.bloombergindustry.com