United States

Global Tax Reform: BEPS and Tax Transparency as Drivers

The OECD’s base erosion and profit shifting (BEPS) project responded to growing concerns among OECD and non-OECD countries alike about the risks to tax revenues, tax sovereignty, and tax fairness that BEPS behaviors pose, in particular when these results lead to unanticipated double nontaxation. Intertwined is the call for enhanced corporate tax transparency—both within corporations striving to understand their full global tax footprint and more broadly by society holding businesses accountable for their tax affairs. In turn, jurisdictions around the world have embarked on wide-ranging tax reform efforts to address BEPS and transparency issues with significant impact on the global tax landscape.

Bookmark this page for insights from KPMG LLP (KPMG) about the potential implications of these drivers on mulitnational companies.

Stay abreast of BEPS and tax transparency developments around the world with alerts from KPMG International member firms

Read TaxNewsFlash – BEPS

 

BEPS World: Five "Rules of the Road"

BEPS World: Five

Common-sense transfer pricing compliance

The need for comprehensive and consistent documentation has never been stronger

BEPS Action 13 Documentation

BEPS Action 13 Documentation

Country implementation summary

Status of Action 13 documentation requirements implementation by country

Multilateral Instrument Insights

Multilateral Instrument Insights

Plus tax treaties and agreements

News and updates to assist multinationals apply income tax treaties to cross-border activity

Country-by-Country Reporting

Country-by-Country Reporting

Listing of signed agreements

United States Competent Authority agreements on the exchange of CbC reports

Post-BEPS Controversy Readiness

Post-BEPS Controversy Readiness

e-Brainstorming survey results

Are you ready for the expected increase in global tax controversy?

Transparency Views

Transparency Views

BEPS articles and publications from KPMG

Stay informed about the ongoing debate concerning BEPS in global commerce

BEPS: 20 Reasons It’s Not Just about Tax
BEPS should get the attention of nontax decision makers across treasury, operating model, people and resources, mergers and acquisitions, and public profile.
Understanding and Preparing for BEPS
Knowledgeable and experienced professionals from KPMG LLP can work with you to assess BEPS readiness.
OECD’s Transfer Pricing Documentation Guidelines: Master File and Local File Data
Here's a starting point for evaluating your company's readiness to meet master file and local file requirements.
Contact KPMG

For more information, contact one of the team leaders below or e-mail us at US-TAX Int'l Tax Transparency Mailbox.

corwin-manal

Manal Corwin

Principal and National Leader, International Tax
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Brett Weaver

Partner, International Tax
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Links to the OECD, the European Commission, and KPMG Comment Letters
oecd
European Commission

EC Taxation and Customs Union: Action Plan on Corporate Taxation