Base erosion and profit shifting (BEPS) continues to be on the top of the agenda of the Organisation for Economic Co-operation and Development (OECD) and the European Commission (EC). This Tax Insights:
Since the release of the BEPS Action Plan on July 19, 2013, both the OECD and the EC have undertaken a number of efforts, with particular focus on:
As noted below, the OECD has recently announced its timetable for stakeholder input on the expected discussion papers.
In addition, some countries already have initiatives to implement domestic BEPS-related measures. For example: