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Implementing the BEPS package.
A new framework from the Organisation for Economic Co-operation and Development (OECD) will allow all interested countries to participate in the base erosion and profit shifting (BEPS) project. This was endorsed by the G20 finance ministers at their meeting in February in Shanghai.
In a communiqué from the meeting, the G20 said the new framework would ensure a consistent approach. It encouraged ‘all relevant and interested non-G20 countries and jurisdictions, which commit to implement the BEPS project, including developing countries, to join in the framework on an equal footing’.
The OECD has published more information about BEPS in a flyer.
