The G20 leaders’ declaration published last week endorses the OECD proposal on BEPS and a new standard of information exchange. Sandy Bhogal provides a quick overview
When the G20 met in St Petersburg on 5–6 September one of the items on the agenda was tax and more particularly the work of the OECD on tax transparency and base erosion and profit shifting (BEPS). On 19 July 2013 the OECD published its Action Plan on Base Erosion and Profit Shifting (‘the action plan’). The action plan was commissioned by the G20 and indeed the G20 finance ministers endorsed it unanimously at their meeting in Moscow the following day. In preparation for the St Petersburg forum the OECD provided the G20 leaders with a progress report on the work being...
