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By Oliver R. Hoor *
On 19 July 2013, the OECD launched its 15 point Action Plan to address Base Erosion and Profit Shifting (“BEPS”) by multinational enterprises (the “Action Plan”). The Action Plan is an extremely ambitious document considering the number of (international) tax rules it aims to change and, in particular, the very short time frame to achieve these goals. On 16 September 2014, the OECD released seven reports with recommendations for a co-ordinated international approach to combat perceived tax avoidance by multinationals (the “2014 Deliverables”). This article provides an overview of the 2014 Deliverables and considers how international businesses should react to the current developments.
I. Introduction
With the 2014...
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