Transcription of OECD BEPS Action Plan - KPMG
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OECD BEPS Action Plan - KPMG
Taking the pulse in the Asia Pacific regionMay 2016 KPMG beps Action plan IntroductionTax executives of international companies headquartered in the Asia Pacific (ASPAC) region face ongoing uncertainty over international tax rules as the future of tax in the region continues to take shape. The Organisation for Economic Co-operation and Development s (OECD) original Action plan on Base Erosion and Profit Shifting ( beps )1 is complete, and the G20 endorsed the final beps deliverables released in October 2015. The OECD is now putting in place mechanisms to monitor the implementation of the beps minimum standards for items requiring universal implementation. At the same time, the OECD continues to engage in extensive follow-up work flowing from the 2015 the European Union (EU) appears to be taking the lead with its efforts to harmonize EU beps implementation, with significant impact on Asia Pacific headquartered companies with European operations.
OECD BEPS Action Plan: Taking the pulse in the Asia Pacific region 2016. 3. ... is the host of the G20 and the Forum on Tax Administration (FTA) meetings in 2016. In a February 2015 communiqué, the G20 finance ministers and central bank governors announced that China
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