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Implementation of BEPS around the world

Philip Greenfield (PwC) reports on the extent to which countries have started to adopt the BEPS recommendations. 
 

Minimum standards best practices and common approaches

Consensus amongst the OECD members other G20 members and a handful of other representative countries together forming the BEPS project participants was fully reached on only a few minimum standards. It always seemed likely that these would be among the first measures to be implemented. Some countries had even started the process ahead of the October 2015 report.

Other recommendations which seek to reinforce existing standards establish best practices or follow common approaches represented only a partial consensus. To the extent that there wasn’t total agreement on these matters it was to be expected that implementation would be more limited and potentially slower. That has generally been borne out in practice so far.

There are minimum...

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