OECD Action Plan on Base Erosion and Profit Shifting

On 19th July 2013, the OECD has published its action plan on Base Erosion and Profit Shifting (BEPS). The background is that the OECD is of the opinion that tax laws have not kept pace with the globalisation of corporations and the digital economy, leaving gaps that can be exploited by multinational enterprises (MNE’s) to artificially reduce their taxes. The OECD stipulates that “the BEPS project marks a turning point in the history of international co-operation on taxation.” Please click here for an overview of the 15 actions, the expected output and the timing of each of the actions.

If you have any questions, please do not hesitate to contact Nicolas Lippens (+32 2 501 90 94), Henk Vanhulle (+32 2 501 91 58), Ivo Onkelinx (+32 2 501 94 64) or your usual Linklaters contact.

Download entire issue (as pdf)