Executive summaryOn 18 October 2021, the Organisation for Economic Co-operation and Development (OECD) released the Stage 2 peer review reports of Hong Kong relating to the outcome of the peer monitoring of the implementation of the Base Erosion and Profit Shifting (BEPS) minimum standard under Action 14 on improving tax dispute resolution mechanisms (Action 14 minimum standard). Stage 2 focuses on monitoring the follow-up of any recommendations resulting from Hong Kong’s Stage 1 peer review report.1Overall, Hong Kong meets most of the elements of the Action 14 minimum standard. Where it has deficiencies, Hong Kong has worked to address some...