Friday, 13 February 2015

BEPS Webcast #6: Update on BEPS Project

Join senior members of the OECD's Centre for Tax Policy and Administration (CTPA) commented on the recent publicationof the first steps toward implementation of OECD/G20 efforts against tax avoidance by multinationals. OECD and G20 countries have agreed three key elements that will enable implementation of the BEPS Project:

  • a mandate to launch negotiations on a multilateral instrument to streamline implementation of tax treaty-related BEPS measures;
  • an implementation package for country-by-country reporting in 2016 and a related government-to-government exchange mechanism to start in 2017;
  • criteria to assess whether preferential treatment regimes for intellectual property (patent boxes) are harmful or not.

In addition, they discussed upcoming discussion drafts and public consultations, and provided a progress report of the 2015 Deliverables to date.

Source: OECD