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OECD's first BEPS recommendations to combat tax avoidance by multinationals

16 September 2014   (0 Comments)
Posted by: Author: OECD
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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:

Action 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;

Action 8: Assure that transfer pricing outcomes are in line with value creation, through actions to address transfer pricing issues in the key area of intangibles.

Action 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.

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