Research Catalog
Measuring and monitoring BEPS, action 11, 2015 final report.
- Title
- Measuring and monitoring BEPS, action 11, 2015 final report.
- Author
- Organisation for Economic Co-operation and Development aut
- Publication
- Paris : OECD Publishing, [2015]
- ©2015
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| Status | Format | Access | Call Number | Item Location |
|---|---|---|---|---|
| Text | Use in library | HJ2305 .M424 2015q Oversize | Off-site |
Details
- Description
- 268 pages : illustrations; 30 cm.
- Summary
- The adverse fiscal and economic impacts of base erosion and profit shifting (BEPS) have been the focus of the OECD/G20 BEPS Project since its inception. While anecdotal evidence has shown that tax planning activities of some multinational enterprises (MNEs) take advantage of the mismatches and gaps in the international tax rules, separating taxable profits from the underlying value-creating activity, the Addressing Base Erosion and Profit Shifting report (OECD, 2013) recognised that the scale of the negative global impacts on economic activity and government revenues have been uncertain. Although measuring the scale of BEPS proves challenging given the complexity of BEPS and the serious data limitations, today we know that the fiscal effects of BEPS are significant. The findings of the work performed since 2013 highlight the magnitude of the issue, with global corporate income tax (CIT) revenue losses estimated between 4% and 10% of global CIT revenues, i.e. USD 100 to 240 billion annually. Given developing countries' greater reliance on CIT revenues, estimates of the impact on developing countries, as a percentage of GDP, are higher than for developed countries. In addition to significant tax revenue losses, BEPS causes other adverse economic effects, including tilting the playing field in favour of tax-aggressive MNEs, exacerbating the corporate debt bias, misdirecting foreign direct investment, and reducing the financing of needed public infrastructure. Six indicators of BEPS activity highlight BEPS behaviours using different sources of data, employing different metrics, and examining different BEPS channels. When combined and presented as a dashboard of indicators, they confirm the existence of BEPS, and its continued increase in scale in recent years. This report recommends that the OECD work with governments to report and analyse more corporate tax statistics and to present them in an internationally consistent way. For example, statistical analyses based upon Country-by-Country Reporting data have the potential to significantly enhance the economic analysis of BEPS. These improvements in the availability of data will ensure that governments and researchers will, in the future, be better able to measure and monitor BEPS and the actions taken to address BEPS.
- Series Statement
- OECD/G20 base erosion and profit shifting project, 2313-2604
- Uniform Title
- OECD/G20 Base Erosion and Profit Shifting Project (Series)
- Alternative Title
- Measuring and monitoring base erosion and profit shifting, action 11, 2015 final report
- Subject
- Bibliography (note)
- Includes bibliographical references and summary in English.
- ISBN
- 9789264241336
- 9264241337
- 9789264241343
- 9264241345
- LCCN
- 2016398678
- OCLC
- ocn926126251
- 926126251
- SCSB-1834094
- Owning Institutions
- Princeton University Library