Letters

摘要

Far from being a missed opportunity ("New rules, same old paradigm", Octoberioth), the oecd's beps project opens up a new era in international taxation. Its main goal is to change the behaviour of multinational companies and governments, and in this it has already been successful. Companies are balancing the desire to minimise tax with the rep-utational and financial risks associated with aggressive tax planning. And gone are the days when governments could do secret deals.