Plans to tackle tax avoidance announced

©Alamy

The OECD presented today the final package of measures for a comprehensive, coherent and co-ordinated reform of the international tax rules to be discussed by G20 Finance Ministers at their meeting on 8 October, in Lima, Peru.  The OECD/G20 Base Erosion and Profit Shifting (BEPS) Project provides governments with solutions for closing the gaps in existing international rules that allow corporate profits to « disappear » or be artificially shifted to low/no tax environments, where little or no economic activity takes place. The BEPS measures were agreed after a transparent and intensive two-year consultation process between OECD, G20 and developing countries and stakeholders from business, labour, academia and civil society organisations.

READ MORE AT OECDINSIGHTS.ORG

Originally published on oecdinsights.org on 5 October 2015.

More:

Taxing Multinational Enterprises: Base Erosion and Profit Shifting (BEPS)

©OECD Observer October 2015




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