Insights

What Every C-Suite Should Know About Global Tax Reform

The corporate tax practices of multinational corporations are under siege by world leaders, NGO’s, the OECD and EU tax authorities.  All demanding multinationals to pay their “fair share” and more than willing to highlight perceived abuses or avoidance in the mainstream media.

Estimating that world governments have lost up to $240 billion dollars  from aggressive BEPS by multinationals, in early October the OECD issued its package of fifteen “Base Erosion and Profit Shifting” (“BEPS”) measures that turn the century old international tax system on its edge.  Recently endorsed by all G20 leaders, advanced economies will phase in the provisions over the next few years beginning in 2016 impacting different multinationals in different ways.

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