The International Center of Tax Administrations (CIAT) and the German Cooperation (GIZ) in collaboration with the Inland Revenue Department from the Ministry of Finance and Economy of Trinidad & Tobago, carried out a regional seminar on multinational taxation & transfer pricing in Port of Spain from 10 to 12 June. The seminar was inaugurated by the Minister of Finance and Economy of T&T. Also the Vice Ambassador of Germany in T&T and the CIAT Director of International Cooperation and Taxation addressed some words to the participants.
The seminar was attended by officials from the tax administrations and ministries of finance of Argentina, Barbados, Belize, Bermuda, Dominican Republic, Guyana, Jamaica, Italy, Mexico, Sint Maarten, Trinidad and Tobago, and Uruguay, as well as representatives from the OECD (Global Forum), the International Bureau of Fiscal Documentation (IBFD), CIAT, and GIZ. The objective of this regional meeting was exchanging experiences between tax administrations and ministries of finance from Latin America and the Caribbean Countries, offering Latin American experiences and new developments to the Caribbean on the audit of multinational enterprises (MNE), transfer pricing (TP) and exchange of information (EoI). Furthermore were discussed aspects of tax treaties under the most widespread models, including the most common risk and benefits for the taxation of MNE; and last, BEPS (Base Erosion and Profit Shifting) Project and its Action Plan established by OECD/G-20. On the last day of the seminar, a dialogue on MNE taxation in the Caribbean and T&T took place with tax intermediaries (Ernst & Young and KPMG) and data base producers (RoyaltyStat).
With this activity a series of seminars in the MERCOSUR, Central America, the Andean Region of Latin America and the Caribbean region were closed. CIAT in collaboration with the German Cooperation will keep on working on this topic in the region in the next few years. Technical missions to the region and study tours in different tax matters have been planned due to the demand received from the national tax administrations.