BRIDGETOWN, Barbados, CMC – The Central Bank of Barbados says a recent report issued by the Organisation for Economic Co-operation and Development (OECD) is raising many “difficult issues not least of which is the need for an international coordinated approach on the rights to tax”.
The Central Bank in a comment on the OECD “Addressing Base Erosion and Profit Shifting (BEPS)” report said it notes the ongoing work of the Paris-based organisation of 34 countries founded in 1961 to stimulate economic progress and world trade.
The Central Bank said that BEPS report raises many difficult issues and that the “exercise should be of interest to everyone given the implications for investments, growth and employment. It is therefore important that the background information on which analysis is based be factual.”
