Action by Action – UK activity in response to the BEPS actions

On 16 March 2016, the HM Treasury has published a ‘Business tax road map’ which sets out the government’s plans for business taxes to 2020 and beyond. The road map brings to a conclusion several key areas of tax policy...

OECD BEPS- The 2015 Final Reports and the next step

On 5 October, the OECD has issued the Final Reports on the BEPS 15 Action points and it is expected that the G20 Finance Ministers will discuss and endorse the Reports and the recommended changes at their meeting on 8...

BEPS – Action 8: Hard-to-Value Intangibles

The OECD published its discussion draft  which deals with work in relation to Action 8 of the Action Plan on Base Erosion and Profit Shifting (BEPS) and focuses on arm’s length pricing of intangibles when valuation is highly uncertain at the...

BEPS: Keep Calm and Get Ready for Action 10

On 16 December, the OECD published two discussion drafts on Action 10 and has invited public comments on the transfer pricing aspects of cross-border commodity transactions and on the use of profit splits in the context of global value chains...

BEPS/Brisbane Summit: G20 Helps Restore Fairness to Global Tax System

  Prime Minister Abbott and Treasurer Hockey announced today that the G20 Leaders welcomed OECD recommendations that will help restore fairness, integrity and transparency to the international tax system. The United Kingdom's Prime Minister David Cameron announced during the press...

BEPS: OECD publishes comments received on Action 11

On 7 October 2014, the OECD published comments received following a request for input on Action 11 (Establish methodologies to collect and analyse data on BEPS and the actions to address it) of the Action Plan on Base Erosion and...

BEPS – China and India: Official Responses to UN BEPS Questionnaire

United Nations Subcommittee on Base Erosion and Profit Shifting (BEPS) had invited the developing countries to provide feedback by answering the UN Questionnaire including 10 questions. This summary focuses on the responses provided by China and India. In its response, India...