CLHIA Comments on OECD BEPS Action Plan 8, 9 & 10Release Date: 02/23/2015 Staff Reference: Noeline Simon
Re: OECD Base Erosion and Profit Shifting (“BEPS”) - Action Plan 8, 9 &10
The Canadian Life and Health Insurance Association (“CLHIA”) is pleased to provide comments on behalf of its member companies on the Discussion Draft on Revisions to Transfer Pricing Guidelines (Risk, Re-characterization and Special Measures) (the "Discussion Draft") that was released in December, 2014 by the OECD.
The CLHIA is the national trade association for life and health insurers in Canada. Our member companies account for 99 per cent of Canada’s life and health insurance business and provide a wide range of financial security products. Canadian life insurers also operate in over 20 countries around the world and three of our members rank among the top 15 global life insurers by market capitalization. A quarter of the CLHIA’s members operate as subsidiaries or branches of foreign insurers or reinsurers from the United States and Europe. The CLHIA is also a member of the Global Federation of Insurance Associations (GFIA) based in Brussels...