Further BEPS work
- IF countries are participating on an equal footing in follow-up work to the BEPS Action Plan, including financial transactions
- The Action 1 recommendations have grown into a much broader project on the taxation of the digitalisation of the economy, on which extensive work is being carried out
Tax Platform toolkits
- The Platform for Collaboration on Tax comprises the UN, IMF, World Bank and OECD
- This Tax Platform is developing a series of toolkits
- The main aim is to assist “lowest income countries” in implementing the outcomes of the BEPS Project, so far as they are relevant to those countries or to address related issues
Implementation of minimum standards (for all IF countries)
- Harmful tax practices, including exchange of rulings (minimum standard)
- Treaty abuse, including the Principal Purpose Test (minimum standard)
- Country-by-country reporting (minimum standard)
- Dispute resolution via mutual agreement procedures (minimum standard)
Other significant issues
- Multilateral instrument (MLI) for effecting treaty-based BEPS changes
- The EU’s Mandatory Disclosure Regime (DAC6)
- The EU’s Anti Tax Avoidance Directive (ATAD)
