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OECD releases revised draft of Part IV (Insurance) of the Report on Attribution of Profits to Permanent Establishments

The Committee on Fiscal Affairs released on 22 August 2007 a revised discussion draft of Part IV of the Report on the Attribution of Profits to Permanent Establishments related to insurance activities .

In June 2005, the Committee on Fiscal Affairs released for public discussion an initial discussion draft of Part IV (Insurance). A consultation meeting with representatives of the insurance industry and other interested parties was held on 31 March 2006. Representatives of the tax administrations from 14 countries and over 40 private sector participants were present at the consultation. 

The Committee has now released the revised discussion draft of Part IV, which replaces the version of June 2005. The Committee decided that this revised draft should be publicly released for comments with a view to continuing the discussion of this proposed part of the Report in light of comments from interested parties. The Committee also intends to hold a consultation meeting with interested commentators on this revised discussion draft in Paris on Monday 26 November 2007. Interested parties are invited to send their written comments on this revised discussion draft by 31 October 2007 to the Director of the Centre for Tax Policy & Administration (jeffrey.owens@oecd.org).

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