OECD set to release detailed anti-avoidance plans

The OECD will release its latest recommendations for a co-ordinated international approach to combat tax avoidance by multinationals in mid-September with full details presented to G20 leaders later this month

The measures will be announced on 16 September 2014 and are the first concrete proposals to come out as part of the OECD/G20 Base Erosion and Profit Shifting (BEPS) project.

 The first set of BEPS deliverables will be presented to the G20 Meeting of Finance Ministers on 20-21 September in Cairns, Australia.

The OECD will release developments on the following:

the tax challenges of the digital economy; (2) hybrid mismatch arrangements; (3) harmful tax practices; (4) tax treaty abuse; (5) transfer pricing and intangibles; (6) transfer pricing documentation and country-by-country reporting; and (7) the feasibility of developing a multilateral instrument on BEPS.

The news conference will be streamed live and a technical briefing via webcast will follow. Both will be available at http://video.oecd.org/

The BEPS Project aims to provide governments with clear international solutions for fighting corporate tax planning strategies that exploit gaps in existing rules and allow profits to ‘disappear’ or shift to low/no-tax locations.

OECD work is based on a BEPS Action Plan endorsed by the G20 in July 2013 which identified 15 key areas to be addressed by 2015.

Paul Davies |FCA Senior tax writer, Croner-i

Paul Davies MA (Cantab), FCA is a senior tax writer at Croner-i, where he specialises in corporate tax. Before joining in 2013,...

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