JOINING THE BEPS DEBATE

摘要

On 19 July, the OECD presented its Base Erosion and Profit Shifting (BEPS) action plan to the G20 finance ministers. The plan is portrayed as the first opportunity for several decades to update international tax rules. OECD tax director Pascal Saint-Amans said the aim is to make some multinational companies pay more. Working groups will be set up to devise plans in 15 areas. The first groups will conclude by September 2014; others have a further 12-15 months. The fundamentals of international tax will not change, though. The OECD members - and other governments - have rejected a move to global unitary taxation. The balance between source and residence taxation will also remain unaltered - even though China, India and some developing countries have expressed a desire to alter this in favour of source countries.