Australia

Details

  • Service: Tax, Corporate Tax, International Corporate Tax, Topics, Base Erosion and Profit Shifting
  • Type: Business and industry issue, Regulatory update
  • Date: 24/02/2014

BEPS Update – Pascal Saint-Amans 

The international system is at a juncture and must be fixed, the man responsible for driving the global tax agenda told corporate leaders.
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Pascal Saint-Amans, Director of the Centre for Tax Policy and Adminstration OECD highlighted recent output:

  • the landmark Base Erosion and Profit-Shifting (BEPS) Action Plan, endorsed by the G20
  • release of a single global standard for information exchange between tax authorities
  • revised guidance on transfer pricing
  • country by country reporting of revenues and profits.

 

He said that the key reason for introducing the BEPS Action plan was a concern that the existing international tax framework had been too successful in eliminating double taxation: it had facilitated cross-border growth in investment and trade, but it had also led to instances of non-double taxation of profits.

 

Given the OECD’s leaders have approved the BEPS Action Plan, there is unstoppable political momentum and all 15 of the BEPS action points should be introduced, Mr Saint-Amans said.


Read more about the progress of the BEPS action plan and the fundamental building blocks.

 

Video interview: Moving towards BEPS implementation

Video interview: Pascal Saint-Amans, Tax Director, OECD
With unstoppable political momentum for the BEPS Action Plan to be introduced, Pascal Saint-Amans OECD says the international system is at a juncture.

Base Erosion and Profit Shifting (BEPS)

Base Erosion and Profit Shifting (BEPS)
Are companies paying their 'fair share' of tax? KPMG addresses the Base Erosion and Profit Shifting (BEPS) debate.

Corporate Tax

At KPMG we combine an in-depth knowledge of corporate taxation issues with our understanding of how tax fits into the broader picture.