The OECD on April 16 released a draft report under action 11 of the base erosion and profit shifting (BEPS) plan on improving the availability and analysis of data on BEPS and on monitoring the effectiveness and economic impact of actions taken to address BEPS.
Not surprisingly, the report concludes that the lack of comprehensive and detailed data thwarts attempts to determine the scale and extent of BEPS and to measure the impact of BEPS countermeasures.
The also draft states that stakeholder input to the consultation will be reviewed before any recommendations are made on new tools to monitor the effectiveness of actions taken to address BEPS, or on new types of data that might be useful in analyzing BEPS in the future.
As noted in a release accompanying the draft, the work is broken into three chapters, as follows:
- Chapter 1 is an assessment of existing data sources relevant for BEPS analysis, describing the available data and their limitations for undertaking an economic analysis of the scale and impact of BEPS and BEPS countermeasures.
- Chapter 2 provides potential indicators of the scale and economic impact of BEPS and their various strengths and limitations.
- Chapter 3 sets existing empirical analyses of BEPS and proposes two complementary approaches to estimating the scale of BEPS.
The chapters include a list of questions where input is sought to advance the project. The action plan calls for work to be complete on this project by September 2015.
Comments on the draft should be submitted by May 8; public hearing will be held on May 18.
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