For tax executives of international companies headquartered in the Americas, the future of international taxation has never been more uncertain. The global project to address tax base erosion and profit shifting (BEPS) is in full swing, and the Organisation for Economic Co-operation and Development’s (OECD) Action Plan on BEPS is progressing quickly.
The OECD’s recommendations are starting to take shape, but what it will ultimately recommend and how individual countries will translate these recommendations into law are still unknown.
While countries in Europe and North America may appear to have the strongest voices in the debate, many countries in Latin America are influencing—and being influenced by—the profound international taxation changes that are under review.
At the mid-point in the OECD BEPS Action Plan's two year mandate, KPMG International polled senior tax policy specialists in KPMG member firms across the Americas to take stock of trends and developments in these countries. In particular, the questions asked concerned:
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