David Taylor reflects on recent reports on multinational tax planning and the draft Taxation of Regulatory Capital Securities Regulations
Although it has received extensive coverage already it is only right in a monthly review to return to the OECD action plan on base erosion and profit shifting published on 19 July and endorsed immediately by the G20; all the more so since it has been followed on 31 July by a House of Lords Select Committee report on tackling corporate avoidance in the global economy. International tax planning for large business is set to be a dominant issue for some time to come.
The OECD action plan identifies a series of initiatives each of which is intended to be completed within the next couple...
