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Base Erosion and Profit Shifting (BEPS): Tax Transparency

Bookmark this page for insights from KPMG LLP (KPMG) about the potential implications of this significant development in international tax.

The BEPS project responds 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.

New! Register Now | KPMG TaxWatch Webcast on EU State Aid Developments | November 2, 2016 at 2:00 p.m. - 3:00 p.m. (U.S. EDT)

BEPS Insights from KPMG
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.
Disruptors in global tax landscape
Top-of-mind challenges facing tax executives, based on surveys conducted by KPMG LLP

BEPS implementation is among the top challenges keeping tax executives up at night. This report presents, primarily in chart form, what tax executives are saying about their company's approach to BEPS developments, data required for country-by-country reporting, and resources need to respond to increased reporting requirements.

BEPS Action 13: Country Implementation Summary
As of October 21, 2016 | Presented in list and map forms | From KPMG International

This summary provides an overview of countries that intend to adopt, or have already adopted, draft or final legislation or regulations implementing Action 13 documentation requirements. Also includes a list of countries who are signatories to the Common Reporting Standard Multilateral Competent Authority Agreement.

More Recent BEPS Insights
Country-by-Country Reporting: Identifying the Elephant
September-October 2016 | International Tax Journal | Examines the potentially public nature of country-by-country reporting
A Guide for HR and Mobility Professionals
U.S. Country-by-Country Reporting Regulations considerations | KPMG LLP
Current Status of U.S. Tax Treaties and International Tax Agreements
As of September 19, 2016 | Tax Notes International
Country-by-Country Reporting: Are We There Yet?
July 21, 2016 | Daily Tax Report | A look at the final IRS regulations
BEPS from a Customs Perspective
July 2016 | Journal of International Taxation | BEPS ramifications on related-party-customs valuation compliance discussed
New from KPMG International

TaxNewsFlash–BEPS, alerts on developments related to the OECD's BEPS initiative and tax transparency as reported by KPMG International member firms from around the world

Contact KPMG

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


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
European Commission

EC Taxation and Customs Union: Action Plan on Corporate Taxation