PwC comments on the OECD's Base Erosion and Profit Shifting (BEPS) project

Published at 12:07 PM on 02 October 2015

Monday sees the culmination of an ambitious two year project to reform the international tax rules for business. The Organisation for Economic Co-operation and Development (OECD) has been poring over every aspect of tax that it feels isn't working for today's world and we'll see a raft of recommendations.

Stella Amiss, international tax partner at PwC, said: "The scale of the project should not be underestimated. The OECD should be congratulated for keeping to its timetable and achieving a larger degree of consensus than expected along the way. The package of measures will include changes to the transfer pricing rules, increased transparency, and tougher tests to assess whether businesses have a taxable presence in a particular country. Governments, businesses and NGOs around the world will be watching closely - a number of areas remain contentious."

 

For further information or to arrange an interview, please contact. Nicola Thorogood. [email protected] / 020 7804 6007


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