The OECD continues to move forward with the implementation of its Base Erosion and Profit Shifting (BEPS)-related deliverables. Recent OECD announcements provide both an update and insight into its progress, as well as anticipated areas of future work — e.g., profit splits, attribution of profits to permanent establishments (PEs), and financial transactions guidance. These announcements occurred at the 2016 OECD International Tax Conference held in Washington, DC on June 6-7, 2016. The first meeting of a new inclusive framework to implement BEPS was held in Kyoto, Japan on June 30-July 1, 2016.
Source & more info: PwC