On 23 December 2014 the Minister of Finance released The Davis Tax Committee First Interim Report on Base Erosion and Profit Shifting (BEPS) that was submitted to the Minister on 30 June 2014. The report covers the digital economy; hybrid mismatches; harmful tax practices; treaty abuse; transfer pricing with regard to intangibles; transfer pricing documentation; and the development of a multilateral instrument.
Comment is due by 31 March 2015.