Base Erosion and Profit Shifting (BEPS)

Base Erosion and Profit Shifting (BEPS)

Are companies paying their 'fair share' of tax? KPMG addresses the Base Erosion and Profit Shifting (BEPS) debate.

Are companies paying their 'fair share' of tax? KPMG addresses the BEPS debate.

Societal concern about companies paying their 'fair share' of tax has provoked robust debate, and sharpened the impetus for tax reform. The concerns within society about the fairness and adequacy of the tax system have led to an unprecedented public discussion. Governments, companies and individuals are weighing in on this debate.

In October 2015, the OECD released the final package of measures of its Action Plan for Base Erosion and Profit Shifting (BEPS) which seeks to address the discrepancy between the current international tax rules and the concept of the 'fair share' through recommended changes to tax rules.

Australia has already begun implementing measures to address these issues, such as the multinational anti-avoidance rule (Australia's 'de facto' diverted profits tax regime), Country by Country reporting and tax transparency for corporate taxpayers. 


How we can help

KPMG's Tax team can assist companies to consider reputational risk, tax narratives, their tax structures and how to future proof them. If you would like assistance, please call your KPMG adviser or contact David Linke or Grant Wardell-Johnson.

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David Linke

David Linke

David leads the Tax practice locally and advises some of the country's largest corporates.

Grant Wardell-Johnson

Grant Wardell-Johnson

Grant Wardell-Johnson is the Leader of KPMG's Australian Tax Centre.

BEPS – Where are we at?

Denis Larkin considers the Government's approach to key BEPS Actions.

 
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Tax transparency: the story so far

Craig Marston discusses corporate tax transparency developments in Australia and globally.

 
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Australia's Multinational Anti-Avoidance law 2015

The Government’s Multinational Tax Avoidance Bill brings major tax developments.

 
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Country-by-Country implementation guidance

Jane Rolfe discusses the implementation of Country-by-Country reporting.

 
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First big BEPS tax crackdown

Discussion on the revised version of MAAL introduced to Parliament on 16 September 2015.

 
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BEPS Action 6: Treaty abuse and principal purpose test

Simon Clark's insights on principal purpose test and addressing BEPS and treaty abuse.

 
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OECD Country by Country reporting update – August 2015

An update on the Government's proposed Country by Country reporting measures.

 
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International tax: developments and implications

Summary of key elements in the September papers published by the OECD-G20 on BEPS.

 
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