OECD Sets Out Ambitious Global Plan to Tackle Tax Fairness Issues

July 24, 2013

The Organisation for Economic Co-operation and Development (OECD) issued an “Action Plan” to tackle “Base Erosion and Profit Shifting” (“BEPS”) on 19 July 2013. The concept of BEPS covers a range of international tax principles that are currently perceived to be operating in an unfair manner or that are being abused by sophisticated tax planners. The OECD consider that the Action Plan (which is due to be implemented mainly within a one to two year time horizon) will better align rights to taxation with underlying economic activity.

Read "OECD Sets Out Ambitious Global Plan to Tackle Tax Fairness Issues".