BEPS: Commentary

BEPS: Commentary

Our KPMG in the UK commentary provides UK specific insights for each Action with details of the OECD recommendations, insights from our BEPS specialists and an indication of the next steps as we enter the BEPS implementation phase.

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BEPS: Commentary

Key highlights

  • The conclusions and recommendations of the BEPS project come at a time when perceived tax avoidance by multinationals is high profile.
  • The OECD estimates that global revenue losses from BEPS are between USD 100 billion and USD 240 billion annually, and it hopes that these proposals will go some way to closing the tax gap.
  • For the majority of Actions, the October Deliverables mark the end of the discussion and recommendation phase of the project and the start of the implementation and practical delivery phase.

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