The updated FAQs clarify how multinational enterprises (MNEs) can participate in ICAP even if their ultimate parent company is not in a jurisdiction that participates in ICAP.The FAQs also describe the option of subjecting only a segment of an MNE group to an ICAP risk assessment.In general, the FAQs describe an increase in the options available, which may allow more MNEs to participate in ICAP. On 5 June 2024, the Organisation for Economic Co-operation and Development (OECD) Forum on Tax Administration released updated frequently-asked-questions-and-answers (FAQs) on participating in the International Compliance Assurance Program (ICAP). The updated FAQs clarify, among other things,...