Tax Newsletter 2013/16- New OECD action plan
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Tax Newsletter 2013/16- New OECD action plan
OECD action plan on base erosion and profit shifting (BEPS)
In July 2013, OECD published a new action plan in a two-year-time horizon with a purpose of hindering aggressive tax planning. In the background there is a recognition of the OECD countries, which highlights the following: applying aggressive tax planning – even if it is legal – some special multinational companies (Starbucks, Google, Amazon, Facebook) operate with extremely low tax burdens, depriving taxable income from the countries of the real operation and value creation.
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