27 September 2017
On 26 September 2017, the OECD released the first batch of the stage 1 peer review reports on implementation of the minimum standard for dispute resolution under mutual agreement procedures (MAP), which was developed as part of BEPS Action 14. The first batch includes peer reviews of Belgium, Canada, the Netherlands, Switzerland, the United Kingdom, and the United States, all of which meet most of the elements of the Action 14 minimum standard. The main areas where some countries need additional work include the resolution of MAP cases within the pursued average of 24 months, the need for some improvement on MAP guidelines, and the need to align certain tax treaties with the Action 14 minimum standard. After the stage 1 peer reviews are completed, the stage 2 review will begin, which will include an evaluation of each country's efforts to address the issues identified in stage 1.
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