Action Plan on Base Erosion and Profit Shifting (BEPS)
A whirlwind of international tax change has swept the globe in the past year, and for tax executives in Europe, there is no end in sight.
The Organisation for Economic Cooperation and Development (OECD) released discussion drafts yesterday concerning the two critical actions under the base erosion and profit shifting (BEPS) project.
On 5 October, the OECD released the final deliverables of its Base Erosion and Profit Shifting (BEPS) Action Plan. This represents one of the most significant changes to the international corporate tax landscape in many years
For tax executives in Europe, the future of international taxation is increasingly uncertain. The global project to address tax base erosion and profit shifting (BEPS) continues to build momentum.
The reports are a significant step in the process of designing a framework for the global taxation of cross border business. They represent the conclusion of the discussion and debate phase of the BEPS Plan.