Research Catalog

Title

Harmful tax practices - peer review reports on the exchange of information on tax rulings : inclusive framework on BEPS Action 5.

Publication

Paris : OECD, 2017.

Items in the Library & Off-site

Details

Description

301 pages; 28 cm.

Summary

Addressing base erosion and profit shifting (BEPS) is a key priority of governments around the globe. In 2013, OECD and G20 countries, working together on an equal footing, adopted a 15-point Action Plan to address BEPS. Beyond securing revenues by realigning taxation with economic activities and value creation, the OECD/G20 BEPS Project aims to create a single set of consensus-based international tax rules to address BEPS, and hence to protect tax bases while offering increased certainty and predictability to taxpayers. In 2016, the OECD and G20 established an Inclusive Framework on BEPS to allow interested countries and jurisdictions to work with OECD and G20 members to develop standards on BEPS related issues and reviewing and monitoring the implementation of the whole BEPS Package. Over 100 countries and jurisdictions have joined the Inclusive Framework. BEPS Action 5 is one of the four BEPS minimum standards which all Inclusive Framework members have committed to implement. One part of the Action 5 minimum standard is the transparency framework for compulsory spontaneous exchange on certain rulings which, in the absence of transparency, could give rise to BEPS concerns. Over 100 jurisdictions have joined the Inclusive Framework and will take part in a peer review to assess their compliance with the transparency framework. Specific terms of reference and a methodology have been agreed for the peer reviews to assess a jurisdiction's implementation of the minimum standard. The review of the transparency framework assesses countries against the terms of reference which focus on five key elements: i) information gathering process, ii) exchange of information, iii) confidentiality of the information received; iv) statistics on the exchanges of rulings; and v) transparency on certain aspect of intellectual property regimes. This report reflects the outcome of the first peer review of the implementation of the Action 5 minimum standard. It covers the jurisdictions which participated in the BEPS Project prior to the creation of the Inclusive Framework, and it assesses implementation for the 1 January 2016 - 31 December 2016 period.

Series Statement

OECD/G20 Base Erosion and Profit Shifting Project, 2313-2612

Uniform Title

OECD/G20 Base Erosion and Profit Shifting Project.

Subjects

• Transparency in government > Law and legislation > International cooperation
• Tax administration and procedure > International cooperation
• BEPS Action Plan
• Tariff preferences
• tax transparency
• Corporations > Taxation > Law and legislation
• Double taxation
• intellectual property
• country-by-country reporting
• substance requirements
• harmful tax competition
• exchange of information

Bibliography (note)

• Includes bibliographical references.

Language (note)

• English.

ISBN

• 9789264285675
• 9264285679
• 9789264285699
• 9264285695

Owning Institutions

Princeton University Library