Australia

Base Erosion and Profit Shifting (BEPS) 

Are companies paying their 'fair share' of tax? Societal concern about companies paying their 'fair share' of tax has lead to much interest and debate and is driving tax reform.
Base Erosion and Profit Shifting (BEPS)

David Linke

David Linke

Head of Corporate Tax

+61 2 9335 7695

Grant Wardell-Johnson

Grant Wardell-Johnson

Leader, Australian Tax Centre

+61 2 9335 7128

 

Base Erosion and Profit Shifting series

A series of articles, videos and commentary addressing the debate on Base Erosion and Profit Shifting (BEPS).

For the first time we see a confluence of society's concern and the tax system. Governments, companies and individuals are weighing in on this debate.


In July 2013, the OECD released its Action Plan for Base Erosion and Profit Shifting (BEPS) which seeks to address the discrepancy between the current international tax rules and the concept of the 'fair share' through recommended changes to tax rules.

 

The key plank of the OECD's plan is to address the lack of tax transparency. The convergence of five streams gave rise to the BEPS debate:


  1. Lack of government revenue and the need for greater expenditure
  2. Risk of corporate social responsibility regarding taxation and media focus
  3. Internationalisation of business
  4. Fragmentation of the supply chain
  5. The digital economy.

How we can help
KPMG's Tax team can assist companies to consider reputational risk, tax narratives, their tax structures and how to future proof them.

If you would like assistance, please call your KPMG adviser or contact David Linke or Grant Wardell-Johnson.

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International tax: current developments and implications for your business

International tax: current developments and implications for your business
This publication provides a summary of the key elements in the papers published by the OECD-G20 on Base Erosion & Profit Shifting in September 2014.

Pascal Saint-Amans, OECD Tax Director, addresses KPMG clients

Speaking ahead of the G20 meeting on 23-24 February 2014, the OECD’s Tax Director, said an ambitious timetable of reform must and would be met.

Videos: Understanding the Base Erosion and Profit Shifting (BEPS) debate

Videos: Understanding the Base Erosion and Profit Shifting (BEPS) debate
David Linke, KPMG's National Corporate Tax Leader and Grand Wardell-Johnson, Leader, Australian Tax Centre talk about the 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.