OECD and EU BEPS policy–the right path taken

  • Rеné Offermanns International Bureau of Fiscal Documentation /IBFD/
Keywords: Base Erosion and Profit Shifting (BEPS), Country-by-Country Reporting, Mandatory Disclosure, Ultimate Beneficial Owner Register.

Abstract

Following various tax avoidance scandals which came to light after the economic crises of 2008 many actions were taken the combat Base Erosion and Profit Shifting (BEPS) and various Directives were issued to increase tax transparency. In this context, this article describes and compares the OECD and EU initiatives to combat BEPS and investigates if the measures are in line with its aim and purpose. A second part reflects the current trends regarding disclosure mechanisms, such as Country-by-Country Reporting, Mandatory Disclosure and the Ultimate Beneficial Owner Register. The article explores the significant burden for companies to collect all the information, the practical difficulties and uncertainties resulting from sometimes vague definitions and some policy considerations.

Author Biography

Rеné Offermanns, International Bureau of Fiscal Documentation /IBFD/

Dr. R.H.M.J. 
Principal Research Associate

References

Ring, D. (2017). Transparency and Disclosure, Papers on Selected Topics in Protecting the Tax Base of Developing Countries, in United Nations Handbook on Selected Issues in Protecting the Tax Base of Developing Countries (2nd ed., United Nations 2017), pp. 571-652.

De Graaf, A., Visser, K-J. (2018), BEPS: Will the current Commitments and Pear Review Model Prove Effective, EC tax review. - Alphen aan den Rijn. - Vol. 27 (2018), no. 1; p. 36-47.

Offermanns, R.H.M.J., Huibregtse, S., Verdoner, L., Shood. A. (2017)., European Union - BEPS Action 4: Policy Considerations and Implementation Status, European Taxation, 2017 (Volume 57), No. 2/3, p. p. 47-68.

De Graaf, A./Visser, K-J. (2016)., ATA Directive: Some Observations Regarding Formal Aspects, EC tax review. - Alphen aan den Rijn. - Vol. 25 (2016), no. 4; p. 199-210.

Hoor, O.R./O’ Donell, K, (2015). BEPS Action 4: When Theory Meets Practice, 78 Tax Notes International (2015), p. 643-644.

Moniz, R. Botelho, Offermanns, R.H.M.J, (2019). European Union - Current Trends Regarding Disclosure Mechanisms: Reporting Ultimate Beneficial Ownership – Part 1, European Taxation, 2019 (Volume 59), No. 4, p. 162-168 and No. 5, p. 237-246 and Part 2, European Taxation, 2019 (Volume 59), No 5, p. 237-246.


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Published
2019-10-30
How to Cite
Offermanns, R. (2019). OECD and EU BEPS policy–the right path taken. VUZF Review, (3), 4-28. Retrieved from http://papersvuzf.net/index.php/VUZF/article/view/85
Section
Articles