As part of its work in relation to Base Erosion and Profit Shifting (BEPS), the OECD issued two discussion drafts and is requesting public comment.  The Discussion Draft on the Transfer Pricing Aspects of Cross-Border Commodity Transactions provides proposals relating to the application of transfer pricing rules to commodity transactions.  The Discussion Draft on the Use of Profit Splits in the Context of Global Value Chains looks at specific scenarios to address questions regarding the appropriate use and application of transactional profit split methods for transfer pricing.