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Tax Alerts

The biggest shake-up in international tax rules is here

Keith MacIntyre Keith MacIntyre

On October 5, the Organisation for Economic Co-operation and Development (OECD) unveiled its comprehensive action plan to combat base erosion and profit shifting (BEPS). Mandated by the G20 in 2013 to develop this action plan in response to the increasing public and political furor over high profile multinationals using BEPS strategies to minimize global corporate taxes, the OECD released 15 reports.

Together, they propose a radical overhaul of international taxation to improve the coherence of and collaboration between international tax regimes, align taxation with substance/value creation and increase transparency to aid tax authorities in risk assessments. If the proposals are implemented, they will put an end to many international tax planning strategies and significantly influence cross-border trade and investment decisions.

Find out more about this shake-up in international tax rules. [ 196 kb ]