|
By Oliver R. Hoor and Pierre Kreemer, KPMG*
On 19 July 2013, the OECD launched its Action Plan on Base Erosion and Profit Shifting (“BEPS”) which describes 15 proposed actions targeting (mainly) changes in the area of corporate taxation (the “Action Plan”). The Action Plan together with other international efforts (for example, at EU level) demonstrates a turnaround in today´s tax environment. This article outlines the anticipated outcomes that will have an impact on cross-border real estate investments and provides for best practice recommendations.
I. Introduction
The Action Plan has been released during a period of intense criticism of the corporate tax practices of multinationals which have been publically accused of artificially...
|