OECD: Heads of tax administrations meet, discuss BEPS project implementation
OECD: Heads of tax administrations meet, BEPS
The Organisation for Economic Cooperation and Development (OECD) today issued a release at the conclusion of a meeting of the heads of 49 tax administrations.
As noted in the OECD release, at the 10th meeting of the OECD Forum on Tax Administration, the heads of the tax administrations discussed implementation of the base erosion and profit shifting (BEPS) project and the common reporting standard (CRS) for the automatic exchange of financial account information, and committed to continued international co-operation in order to address offshore tax evasion and work towards a fairer and more transparent international tax system. Specifically, the discussions focused on three interlocking themes:
- Effective implementation of the OECD/G20 international tax agenda
- Building modern tax administrations that effectively respond to the challenges and opportunities of an increasingly digital world
- Helping build capacity in tax administration so that all countries can benefit from the changes in the international tax landscape
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.
