Eversheds Sutherland Tax Reform Law Blog
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G20 Leaders Endorse BEPS Action Plan, Promise to Tackle Tax Avoidance

In a declaration issued at the end of last week’s St. Petersburg summit, G20 leaders stated that they “fully endorse” the Organisation for Economic Cooperation and Development’s (OECD) ambitious action plan for tackling base erosion and profit shifting (BEPS) and reforming the international tax system.  G20 leaders called on members to examine how their own tax systems contribute to...

BEPS Plan on the Agenda at the G20 Summit

Leaders attending the September 5-6 G20 Summit in St. Petersburg, Russia, are expected to discuss international tax reform, including the Organisation for Economic Co-operation and Development (OECD) action plan for addressing base erosion and profit shifting (the BEPS plan).  The BEPS plan, which was produced at the request of the G20, focuses on transfer pricing, permanent...

Growing Concerns Over “Stateless Income” Make It a Target for International Tax Reform

Tax planning of multinational corporations designed to generate what is being referred to as “stateless income”—income sourced in low-tax jurisdictions or in no source country at all— continues to be scrutinized both in the United States and abroad.  Senator Carl Levin (D-MI), a major proponent of tax reform, has held Congressional hearings over the past several months on the issue of...

OECD Unveils Action Plan, G20 Expected to Endorse It

The Organisation for Economic Co-operation and Development (OECD) has unveiled its long-awaited plan for reforming the international tax system. The OECD presented its “Action Plan on Base Erosion and Profit Shifting” to the G20 finance ministers at their meeting in Moscow. The plan is aimed at curtailing profit shifting from high-tax to low-tax jurisdictions by...