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Expert Q&A on the OECD’s BEPS Project
Practical Law Legal Update 8-624-1829 (Approx. 2 pages)
Expert Q&A on the OECD’s BEPS Project
by Practical Law Tax
| Published on 26 Feb 2016 • USA |
In October 2015, the OECD published reports on 15 separate action items to address the OECD's Base Erosion and Profit Shifting (BEPS) Project. A recently published expert Q&A with Eric Wang and Andrew Thomson of Sullivan & Cromwell LLP discusses the key action items addressed in the BEPS reports.
The OECD's Base Erosion and Profit Shifting (BEPS) Project is an initiative aimed at reducing double non-taxation arising in the context of cross-border transactions. In October 2015, the OECD published reports on 15 separate action items to address BEPS (BEPS reports). G20 leaders endorsed the BEPS reports in November 2015. Although the BEPS reports are said to be final and to represent a consensus, several of the BEPS reports set out areas of follow-up work, and often countries may choose from several options.
Article, Expert Q&A on the OECD's BEPS Project discusses the key action items addressed in the BEPS reports.