OECD: Status report on BEPS, CRS for G20 leaders

OECD: Status report on BEPS, CRS for G20 leaders

The Organisation for Economic Cooperation and Development (OECD) provided a report to the G20 leaders regarding progress under the base erosion and profit shifting (BEPS) project and on tax transparency and the exchange of information for tax purposes under the common reporting standard (CRS).

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The report [PDF 338 KB] from the OECD Secretary-General notes that:

  • Concerning the BEPS project—85 countries and jurisdictions have committed to implement the BEPS package 
  • Concerning CRS—participating countries have identified almost €55 billion in additional revenues through voluntary disclosure programmes and other initiatives targeting offshore evasion, and as of August 2016, 100 jurisdictions have committed to participating in the multilateral convention on mutual administrative assistance in tax matters 

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