OECD/G20 Base Erosion and Profit Shifting Project
Addressing base erosion and profit shifting is a key priority of governments around the globe. In 2013, OECD and G20 countries, working together on an equal footing, adopted a 15-point Action Plan to address BEPS. Beyond securing revenues by realigning taxation with economic activities and value creation, the OECD/G20 BEPS Project aims to create a single set of consensus-based international tax rules to address BEPS, and hence to protect tax bases while offering increased certainty and predictability to taxpayers. A key focus of this work is to eliminate double non-taxation. However in doing so, new rules should not result in double taxation, unwarranted compliance burdens or restrictions to legitimate cross-border activity.
Addressing the Tax Challenges of the Digital Economy
- 16 Sep 2014
- 9789264218789 (PDF) ;9789264218772(print)
The spread of the digital economy poses challenges for international taxation. This report sets out an analysis of these tax challenges. It notes that because the digital economy is increasingly becoming the economy itself, it would not be feasible to ring-fence the digital economy from the rest of the economy for tax purposes. The report notes, however, that certain business models and key features of the digital economy may exacerbate BEPS risks. These BEPS risks will be addressed by the work on the other Actions in the BEPS Action Plan, which will take the relevant features of the digital economy into account. The report also analyses a number of broader tax challenges raised by the digital economy, and discusses potential options to address them, noting the need for further work during 2015 to evaluate these broader challenges and potential options.
- Action Plan on Base Erosion and Profit Shifting
- Addressing Base Erosion and Profit Shifting
- Countering Harmful Tax Practices More Effectively, Taking into Account Transparency and Substance
- Neutralising the Effects of Hybrid Mismatch Arrangements
- Guidance on Transfer Pricing Aspects of Intangibles
- Developing a Multilateral Instrument to Modify Bilateral Tax Treaties
- Preventing the Granting of Treaty Benefits in Inappropriate Circumstances
- Guidance on Transfer Pricing Documentation and Country-by-Country Reporting