EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. 0000372063 00000 n
BEPS Actions Developed in the context of the OECD/G20 BEPS Project, the 15 actions set out below equip governments with domestic and international rules and instruments to address tax avoidance, ensuring that profits are taxed where economic activities generating the … 0000215006 00000 n
H����b
Fw�A_�P�w���D�%�=�>����/����xGT���{��cG����{�/\��K�pe^Od*��T7i
&cV
�����܍\�wD�d�7�e=��s�����?Q9R��ǩ������ww� The BEPS action plan has 15 actions, covering eleme2015 - nts used in corporate tax avoidance practices and aggressive tax-planning schemes. On one hand, the emergence of new and often intangible value drivers have revolutionized entire sectors creating new business models while continuously eroding the need for physical proximity to target markets. 0000005621 00000 n
bP����fu������
QU���~P�`���ecH����8�L���}�eW'�g_�^����Ý��&ﶮ�V~��9r�)gl�F��^B�ǃz16YƵ+K� )y�+�/��Q�])�>��^����f��u;
����
Namely, they have enshrined tax certainty and helped to eliminate double taxation stimulating global trade. 0000003374 00000 n
%%EOF
The fundamental elements of the global tax system which determined where taxes should be paid ("nexus" rules based on physical presence) and what portion of profits should be taxed ("profit allocation" rules based on the arm's length principle), have served their purpose well. b�������ՙ�73=!&c�fز&�َDQ�O����. 0000212528 00000 n
�n�n;��� t�����>����р�� 3�Xj��u�4/���Ό��0A)�����M�S�-�'83t kRg`�R��# ���x�H�20ȵ��Y. p?�c�V9W_
GW�d�P�e�;HWٞ�*D�VF�� �|4%,Y������ Iy�P���ò�}0�����)��a���G�Q�>.�~��l����'s�ѧ�$�6����*S��dd@�����lT#�Q�b��E���d6�}��x�U�� E5A��B�*�j�6��V�ky�βuV�5& ��ڄ=���I��_רP}J��z��Vu�~�44[x_[��Y(���Q��D�K�7���B��?����H8�b'���ѩ�w�`�2�C6y+ϳM�K�d~$
G
���:ܴ�]?/`M����7:Ձ��B��-fq,Ȯ,Ѝ��ـ�j0X^Q�gpsZ��"��B%f�S�Ta��,�!�i=lX�!/E��56l��f�-�6F���2��o���. Remaining BEPS issues and minimum taxation (Pillar 2). On the other hand, new technologies have facilitated tax avoidance through the shifting of profits by multi-national enterprises (MNEs) to low or no tax jurisdictions. <]/Prev 1502603/XRefStm 2951>>
The approach would leave jurisdictions free to determine their own corporate tax rates (including whether they have a corporate income tax) but allow other jurisdictions to tax income that would otherwise be subject to low levels of effective taxation thereby ensuring that all internationally operating businesses pay a minimum level of tax. Specifically, the IF has convened public consultations engaging key stakeholders including governments, businesses, civil society, academia, and the wider public welcoming a broad array of opinions on the matter to help us chart a path forward. Addressing the tax challenges raised by digitalisation is currently the top priority for the OECD/G20 Inclusive Framework, and has been a key area of focus of the BEPS Project since its inception. �R�@РQk�� �â� 0 "À���0�� ("� ���Kb�`�c�V�4MMCӆ&��&��=s���lŗ��?���߿�9g�=��Ű�\aW�A 310 0 obj
<>/Filter/FlateDecode/ID[<1A56520F1ED3954A8D3684887365E631><08CE6EBFB902724A8FCB8D37D2ED121A>]/Index[288 38]/Info 287 0 R/Length 107/Prev 380716/Root 289 0 R/Size 326/Type/XRef/W[1 3 1]>>stream