The Base Erosion And Profit Shifting Action Plan

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As a summer intern in PricewaterhouseCoopers international tax group, OECD’s new tax project, Base Erosion and Profit Shifting (BEPS), has been a hot topic in our group as well as the company for a long time, since the completion of all actions will take place very soon at the end of year 2015. Our international team deals with lots of international corporations which typically have subsidiaries in multiple countries and different elections for different tax purposes. Because majority of the countries in client’s family trees are participating countries in OECD’s BEPS project, a close attention need to be raised on the issues, impacts and solutions from the Base Erosion and Profit Shifting Action Plan. Therefore, in this issue and solution paper, I will primarily focus on my researches of issues and solutions related to the discussions about the Base Erosion and Profit Shifting action plan, including its background, why the project is important, the goal of the project, how does it affect tax rules, how does it affect companies, challenges for companies, threat to privacy, solutions/how to prepare, and finally the conclusion of OECD’s BEPS project.
Organization for Economic Co-operation and Development, known as OECD, is an international economic organization participated by 34 countries, targeting to stimulate world trade and international economic progress. According to its mission statement, OECD is a combination of nations classifying themselves
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