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Advisers welcome final BEPS recommendations, but concerns persist

Advisers welcome final BEPS recommendations, but concerns persist

Accountants and tax advisers have lauded the OECD efforts in producing today's final recommendations in curbing tax Base Erosion and Profit Shifting (BEPS), but concerns persist about the implementation of the measures.

  • mitchell
  • October 05, 2015
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The package includes new minimum standards on country-by-country reporting, which for the first time will give tax administrations a global picture of the operations of multinational enterprises; treaty shopping, to put an end to the use of conduit companies to channel investments; curbing harmful tax practices, in particular in the area of intellectual property and through automatic exchange of tax rulings; and effective mutual agreement procedures, to ensure that the fight against double non-taxation does not result in double taxation.

Read the full story at Accountancy Age.

 

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