Base Erosion and Profit Shifting

Base Erosion and Profit Shifting

The global tax landscape is fundamentally changing and BEPS is putting tax firmly on the strategic business agenda.

Global tax landscape is changing and BEPS is putting tax firmly on the business agenda.

BEPS (Base Erosion and Profit Shifting) is the OECD’s policy response to perceived aggressive tax avoidance by multinational corporations. The BEPS project is endorsed by the G20 Finance Ministers and Heads of State, consisting of 15 Actions which address many issues across the tax spectrum. With issues varying from transparency to financing to transfer pricing, BEPS will impact any business that operates in multiple territories.

On 5 October 2015, the final proposals for the 15 BEPS Actions were delivered to the G20 Finance Ministers. The documents set out the conclusions of the last two years’ work, together with a plan for the follow-up work and a timetable for implementation. It also set the stage for the implementation of the various proposals at a local country level.

This webpage will provide you with summaries of the recommendations for each Action, our insights explaining what this might mean for you and your business, and information about our upcoming BEPS events. We will also provide you with links to the OECD documents and to KPMG International's webpage providing more information on the international reaction to BEPS.

If you would like any further information or would like to discuss the impact of BEPS on your business please do not hesitate to contact us.

 

BEPS: In a nutshell

  • The OECD publishes its latest proposals in relation to its BEPS 15 point Action Plan.

Country-by-Country Reporting

  • Read our paper that sets out a high level summary of the various legislative proposals and consultations of Country-by-Country Reporting.

Base Erosion and Profit Shifting (BEPS)

  • This site offers a comprehensive collection of resources, webcasts, explanations and news related to BEPS and its impact on multinational organisations worldwide.

OECD BEPS Action Plan - Taking the pulse in EMA

  • The OECD Action Plan on BEPS, first introduced in 2013, set 15 specific action points to ensure international tax rules are fit for an increasingly globalized, digitized business world and to prevent international companies from paying little or no tax.

Tax deductibility of corporate interest expense – An update

  • The UK will introduce rules to take effect from 1 April 2017 that will limit the amount of interest that may be deductible for corporation tax purposes for the largest UK businesses.

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BEPS Action 15 - Multilateral Instrument

The Multilateral Convention to implement BEPS Action 15 is released. Find out more.

 
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Tax, BEPS and your business

Tax, BEPS and your business

BEPS represents a fundamental change to the corporate tax landscape and it's effect will be felt across your whole business.

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Discussion of BEPS-related measures in 2016 Budget

Discussion of UK steps to implement certain BEPS recommendations

 
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BEPS Action 4 Tax Diary

Regular insights on all matters concerning the UK’s implementation of BEPS Action 4.

 
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BEPS: From measures to action plans

Can the OECD's BEPS recommendations lead to value creation?

 
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Base Erosion and Profit Shifting by Robin Walduck

Do the businesses in the UK understand the principles of the OECD’s BEPS project?

 
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