The amount of tax paid by multinational corporations is regularly in the news. Is your organisation prepared for the OECD action plan on Base Erosion and Profit shifting (BEPS)?
At a time when many governments are grappling with significant budget deficits, tax planning strategies that rely on cross border profit shifting have drawn the scrutiny of global regulators and taxation agencies.
The OECD Action Plan on Base Erosion and Profit Shifting (BEPS) now includes 96 countries committed to driving greater transparency into multinational corporations tax regimes. A succinct investigation of the background issues, timelines and how key OECD policy platforms adopted by the Australian Government will impact locally.
The latest release in the Thomson Reuters taxation insights series, The Transparency Imperative takes a closer look at the implications for finance professionals and taxation specialists. It explores recent developments in international taxation law and poses additional questions to industry and academic experts about what transparency is likely to mean in a post BEPS world.