The biggest shake-up in international tax rules in a generation
The Organisation for Economic Co-operation and Development (OECD) is set to unveil its much anticipated (and long awaited) proposals that will radically overhaul international taxation around the world.
Enhanced global co-operation and guidance from tax authorities would be welcomed by businesses across the globe. Business leaders would like greater clarity as to what’s acceptable and unacceptable tax planning, even if opportunities to lower tax liabilities were reduced. But will the Base Erosion and Profit Shifting (BEPS) Action Plan result in a tax system that’s fairer, more efficient and more transparent?
Here are the latest developments and how they could impact you.