As businesses reach out across the globe seeking new markets, their tax policies as well as the amount of tax they pay are increasingly coming under close governmental and public scrutiny.
With few signs of abating, the call for tax transparency is being echoed around the globe. Stakeholders involved in the tax transparency discussion are wide ranging and include taxpayers, tax authorities, the European Commission, G8 and G20 countries, and the Organisation for Economic Co-operation and Development (OECD).
The OECD's coordinated Action Plan for the Base Erosion and Profit Shifting (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.
The question is not whether the OECD's BEPS project will affect multinational enterprises, but when and to what extent.
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Accessible via a Web-based portal, the KPMG BEPS Insight Network provides subscribers with analyses prepared by professionals from KPMG International's network of member firms through searchable summaries of breaking developments; a newsletter and feature articles; an on-line discussion forum for subscribers; Webcasts and subscriber-access-only conference calls; and a dedicated e-mail address for subscribers to learn more about developments.
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BEPS Action Plan Discussion Drafts