OECD BEPS Scorecard

Our  OECD BEPS Scorecard published today evaluates the progress made by the OECD in the first year of its project to deal with Base Erosion and Profit Shifting (BEPS) –  in plainer words tax avoidance by multinational companies. We analyse the reports issued by the OECD on 16th September on the seven `deliverables’ for the first year. A version in Spanish will be available soon.

We evaluate the proposals against the mandate given to the OECD by the G20 world leaders in their St Petersburg Declaration of September 2013, that international tax rules should be reformed to ensure that multinationals can be taxed “where economic activities take place and value is created”.

Our overall evaluation is that while significant progress has been made, there have been some unhappy compromises, some obstacles encountered, and much remains to be done. Also, fundamental problems still remain. The OECD alone is not the appropriate body to revise global rules, and its approach has been to patch up the existing rules. Effective reforms will not be possible without reconsidering some of the foundations of the system designed 80 years ago. Today’s globalized economy requires a more global approach to apportionment of the tax base of multinationals. Changes in the rules should be geared towards treating multinationals as unitary enterprises which would reflect their economic reality.

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3 thoughts on “OECD BEPS Scorecard

  1. Pingback: Tax Research UK » BEPS: not bad, but could definitely do a lot better

  2. veronicagrondona

    Reblogged this on Blog de Veronica Grondona Olmi and commented:
    El BMG es un grupo de expertos sobre diversos aspectos de la fiscalidad internacional, creado por una serie de organizaciones de la sociedad civil que hacen investigaciones y campañas por la justicia fiscal, en particular la Alianza Global para la Justicia Fiscal, Red de Justicia Fiscal de América Latina y el Caribe, Tax Justice Network, Christian Aid, Action Aid, Oxfam, Tax Research UK. Este documento no ha sido aprobado previamente por estas organizaciones, que no aceptan necesariamente cada detalle o punto específico hecho aquí, pero apoyan el trabajo del BMG y avalan sus perspectivas generales.

    Reply

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