The Organisation for Economic Cooperation and Development (OECD) today announced that later this week, heads of tax administrations will meet and discuss the status of implementation of the base erosion and profit shifting (BEPS) project and the movement towards the automatic exchange of financial account information. The discussions will also focus on taxation of the digital and sharing economy.
The OECD release notes that tax commissioners from 50 of the most advanced tax administrations worldwide, including OECD and G20 countries, will meet to discuss the challenges and collective action needed to achieve common goals. The meeting will highlight innovations, leading practices, and future opportunities concerning efforts by tax administrations to improve compliance in addressing offshore tax evasion and the “shadow economy.”
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