On May 26, 2014, the OECD held a webcast providing the last updates on its ongoing BEPS project and the deliverables that should be available in connection therewith for the upcoming G20 meetings to be held in Australia in September 2014 (G20 Finance Ministers, in Cairns) and November 2014 (G20 Leaders, in Brisbane).

Senior members from the OECD Centre for Tax Policy and Administration therefore reviewed seven issues that could be almost ready for approval by the corresponding Working Party and/or Committee for Fiscal Affairs meetings (that should respectively meet in May and/or June 2014): (i) tax challenges of the digital economy, (ii) hybrid mismatch arrangements, (iii) prevention of tax treaty abuse, (iv) transfer pricing aspects of intangibles, (v) transfer pricing documentation and country-by-country reporting, and (vi) the feasibility of a multilateral instrument.

Renewing the OECD commitment in respect of the calendar of deliverables, the webcast further noted that the respective working groups are generally on schedule, and that final draft reports should be released within the course of the G20 Finance Ministers meeting to be held in Cairns in September 2014 (for further details, the full presentation may be foundhere).