OECD's first BEPS recommendations to combat tax avoidance by multinationals
16 September 2014
Posted by: Author: OECD
The OECD today released its first recommendations to combat tax avoidance by multinational enterprises. The OECD's work is based on an Action Plan of 15 key elements to be addressed by 2015. The report released contains recommendations on the first seven elements
of the BEPS Action Plan consisting of:
1: Address the tax challenges of the digital economy;
Action 2: Ensure the coherence of corporate
income taxation at the international level, through new model tax and treaty
provisions to neutralise hybrid mismatch arrangements;
Action 5: Counter harmful tax practices;
Action 6: Realign taxation and relevant
substance to restore the intended benefits of international standards and to
prevent the abuse of tax treaties;
8: Assure that transfer pricing outcomes are in line with value creation,
through actions to address transfer pricing issues in the key area of
13: Improve transparency for tax administrations and increase certainty and
predictability for taxpayers through improved transfer pricing documentation
and a template for country-by-country reporting; and
Action 15: Facilitate swift implementation of
the BEPS actions through a report on the feasibility of developing a
multilateral instrument to amend bilateral tax treaties.
Please click on the relevant element to access each report.
Please click here to access the explanatory memorandum.
This article first appeard on oecd.org.