| Description |
1 online resource (40 pages) |
| Contents |
Acronyms and abbreviations Chapter 1. Introduction Chapter 2. Background Chapter 3. Action Plan -A. Actions -- (i) Establishing international coherence of corporate income taxation -- (ii) Restoring the full effects and benefits of international standards -- (iii) Ensuring transparency while promoting increased certainty and -- (iv) From agreed policies to tax rules: the need for a swift implementation of the measures -B. Timing -C. Methodology -- (i) An inclusive and effective process: launching the OECD/G20 BEPS Project and involving developing countries -- (ii) Efficient process -- (iii) Consulting with business and civil society References Annex A. Overview of the actions and timelines Tables -Table A.1 Summary of the BEPS Action Plan by action -Table A.2 Summary of the BEPS Action Plan by timeline |
| Summary |
"OECD's Action Plan on Base Erosion and Profit Shifting (BEPS) offers a global roadmap that will allow governments to collect the tax revenue they need to serve their citizens. It also gives businesses the certainty they need to invest and grow. Produced at the request of the G20 and introduced at the G20 Finance Ministers' meeting in Moscow, the Action Plan identifies 15 specific actions that will give governments the domestic and international instruments to prevent corporations from paying little or no taxes. The Action Plan recognises the importance of addressing the digital economy, which offers a borderless world of products and services that too often do not fall within the tax regime of any specific country, leaving loopholes that allow profits to go untaxed. The Action Plan will develop a new set of standards to prevent double non-taxation. Closer international co-operation will close gaps that, on paper, allow income to 'disappear' for tax purposes by using multiple deductions for the same expense and "treaty-shopping". Stronger rules on controlled foreign companies would allow countries to tax profits stashed in offshore subsidiaries."--- Extracted from OECD website |
| Bibliography |
Includes bibliographical references |
| Subject |
Tax administration and procedure.
|
|
Taxation.
|
| Form |
Electronic book
|
| Author |
Organisation for Economic Co-operation and Development.
|
| ISBN |
9264202706 |
|
9264202706 (print) |
|
9264202714 (PDF) |
|
9789264202702 |
|
9789264202702 (print) |
|
9789264202719 (PDF) |
|
