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ARTICLE · 01 APRIL 2024

What The OECD Statistics Tell Us About ICAP

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On 29 January 2024 the OECD released its first aggregated results and statistics for the International Compliance Assurance Programme ("ICAP") (the "Statistics"). 

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Caroline Austin
Caroline Austin
Trevor Glavey
Trevor Glavey
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Background

On 29 January 2024 the OECD released its first aggregated results and  statistics for the International Compliance Assurance Programme ("ICAP") (the "Statistics"). The Statistics show that ICAP is developing into an effective tool that multinational enterprises ("MNE") should be aware of and consider as part of a multi-faceted approach to prevent and resolve international tax disputes. 

It is clear from the Statistics that taxpayers should be attuned to the types of transactions ICAP is appropriate for (typically less complex transactions that are standardised across a number of jurisdictions) and within that remit should consider using ICAP as a tool to achieve a degree of tax certainty.

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