In the past two years, there has been an unprecedented and substantial focus on the international tax agenda from the media, politicians, public authorities and the general public. Governments have engaged the OECD to address base erosion and profit shifting ("BEPS"). As the timeline is strict and the published action plans is ambitious, now is the time for senior management to address the impact of the new tax landscape on their organisation. The Danish tax authorities have already identified BEPS-related initiatives in their 2015 action plan and used BEPS discussion drafts in recent transfer pricing audits.
The BEPS project will lead to increased business transparency, consistency in international tax rules and higher documentation requirements.
In the light of these developments, we wish to help you address the new tax landscape and any present risks that can be mitigated before the implementation of BEPS. We can help to:
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