International Financial Law Prof Blog

Editor: William Byrnes
Texas A&M University
School of Law

Tuesday, September 16, 2014

OECD releases first BEPS recommendations for international approach to combat tax avoidance

Logooecd_enThe OECD released today its first recommendations for a co-ordinated international approach to combat tax avoidance by multinational enterprises, under the OECD/G20 Base Erosion and Profit Shifting Project designed to create a single set of international tax rules to end the erosion of tax bases and the artificial shifting of profits to jurisdictions to avoid paying tax.

At the request of the G20 Leaders, the OECD’s work is based on a BEPS Action Plan setting out the 15 key elements to be addressed by 2015. The project aims to help governments protect their tax bases and offer increased certainty and predictability to taxpayers, while guarding against new domestic rules that result in double taxation, unwarranted compliance burdens or restrictions to legitimate cross-border activity.

The first 7 elements of the Action Plan released today focus on helping countries to: 

 

https://lawprofessors.typepad.com/intfinlaw/2014/09/oecd-releases-first-beps-recommendations-for-international-approach-to-combat-tax-avoidance.html

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