The OECD on Sept. 16 published its first set of deliverables under the OECD/G20 Base Erosion and Profit Shifting (BEPS) action plan.
The following action plan items were published:
The Tax Challenges of the Digital Economy (Action 1)
Hybrid Mismatch Arrangements (Action 2)
Harmful Tax Practices (Action 5)
Tax Treaty Abuse (Action 6)
Transfer Pricing & Intangibles (Action 8)
Transfer Pricing Documentation and Country-by-Country Reporting (Action 13)
Feasibility of Developing a Multilateral Instrument on BEPS (Action 15)
The OECD also released an Explanatory Statement, which provides an overview of the seven action items.
The BEPS action plan items will be presented to the G-20 finance ministers at their Sept. 20-21 meeting in Cairns, Australia. If approved, the package will then be presented to leaders of G20 at the Brisbane summit in November.
The OECD action plan was endorsed by the G20 in September 2013. The Action Plan calls for 15 action items to be delivered by 2015.
