Comments.pdf

GFIA-15-03 Comments on OECD Transfer Pricing Discussion.pdf
Preview of comments
🔗 Source: gfiainsurance.org
📊 Size: 351 KB
👤 Author: Annemarie Bos
⬇️ Downloads: 96

Summary

The Global Federation of Insurance Associations (GFIA) comments on the OECD discussion draft on BEPS Actions 8, 9, and 10, supporting the objectives but highlighting concerns about unintended consequences on the insurance industry. The GFIA agrees that comparability is key to the arm's length principle but believes some considerations do not apply to insurance. They suggest referencing the 2010 OECD Report on the Attribution of Profits to Permanent Establishments Part IV (Insurance) for guidance on risk transfers. The GFIA notes that insurers take on risks without control, and risk allocation should consider the party's ability to manage and cover volatility, not just control. They also emphasize the importance of regulatory capital requirements and the need for efficient capital management in the insurance sector.

Description

The Global Federation of Insurance Associations (GFIA) comments on the OECD discussion draft on BEPS Actions 8, 9, and 10, supporting the objectives but...

Technical Information

  • File Format: PDF
  • File Size: 351 KB
  • Pages: 6
  • Language: EN
  • Author: Annemarie Bos
  • Total Downloads: 96
  • Last Updated: 4 weeks ago

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