OECD releases Harmful tax Practices – 2018 progress report on preferential regimes
Released 29 January 2019
The Organisation for Economic Co-operation and Development (OECD) has released a new publication on Harmful Tax Practices - 2018 Progress Report on Preferential Regimes.
The report contains the latest assessment of preferential tax regimes as part of ongoing implementation of Action 5 under the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project. The assessments are conducted by the Forum on Harmful Tax Practices, comprising more than 120 member-jurisdictions of the Inclusive Framework. The latest assessment by the Forum has yielded new conclusions on 57 regimes, demonstrating that jurisdictions have delivered on their commitment to comply with the standard on harmful tax practices, including ensuring that preferential regimes align taxation with substance.
For more information, see OECD announces progress made in addressing harmful tax practices (BEPS Action 5).