Partners from leading business, financial and legal advisers GT Société d'Avocats France and Grant Thornton UK LLP have been appointed to the European Commission's (EC) Joint Transfer Pricing Forum (JTPF).
Established in 2002, the forum - consisting of representatives from each EU member state and 18 representatives from the business community - assists the EC on transfer pricing tax matters. It operates on the basis of consensus to propose to the EC pragmatic, non-legislative solutions to the practical problems posed by transfer pricing practices in the EU.
In May, the Director-General for Taxation and Customs Union appointed the members and the chairperson for a new mandate of two years. For the first time since its inception, the JTPF has appointed organisations, rather than individuals, to represent the business community.
The network of Grant Thornton member firms will be represented by Chaid Dali-Ali, Partner at GT Société d'Avocats France (appointed representative) and Wendy Nicholls, Partner at Grant Thornton UK LLP (alternate representative).
Chaid Dali-Ali, Partner at GT Société d'Avocats France, commented: "This is both a great place and a great time for bringing inputs to policy makers at the EU level: a great place, as the impact of EU regulations on domestic tax regimes is and will continue to be very significant; and a great time, as we are right in the middle of considerable changes in international corporate taxation, such as BEPS."
Wendy Nicholls, Partner at Grant Thornton UK LLP, added: "The tax world is facing a great deal of change and it will be important to ensure that practical solutions are found to the challenges arising from globalisation, so that business can play its full part in driving economic growth, for the benefit of all. This is an exciting time to be at the table and to be able to help the European Commission move forward in this important area."
The first meeting of the newly mandated JTPF will be on 25 June 2015.