Infographie BEPS

1. Call for action
EY – Tax Insights for business leaders №12 7
Transparency
Action Pl
an
(BEPS)
Cata
lysts
Revision
Requirement
s
2016andbeyon
d
201
3 — 14
200
8 — 13
2014 — 15
Government
Financial crisis
Public
G20leaders
OECD
International
Senior
jurisdictions
G20
Re-evaluation
Accountability
Appropriate
communication
Consequences
Transfer pricing
Treaty m
easures
Multilateral
Taxtreaties
Individual
Companies
BIAC
support
taxmeeting
Over 100
taxofficials
pressure
countries
amended
instruments
created
developed
changes introduced
interpret
Taxnarrativesdeveloped
forpublic
2013annual UN
set up
Digital taskforce
Initia
tion > Legisl
ation >
< Evaluati
on
< Applicat
ion
The Transparency Cycle
OECD’S
BEPS
Project
Pressure mounts
The 2008 financial crisis put
government budgets under strain, and
­multinational companies were criticized
for failing to pay their “fair share”
of tax. In June 2012, the G20 released
a statement calling for “the need to
­prevent base erosion and profit ­shifting
(BEPS).” The OECD ­responded by
­releasing a report ­examining the impact
of BEPS practices in detail.
What is next?
While the new tax reforms have been
developed internationally, individual
countries need to carefully analyze
the impact and are responsible
for introducing the changes to their
legislation and tax treaties. They need
to decide on the most appropriate
place to communicate (as it may not
necessarily be wholly in the annual
report and accounts) and design
the processes to collate supporting
data. As governments face greater
calls for transparency, they need to
reflect on how they will demonstrate
the effectiveness of these tax
reforms and what the money will be
spent on. They will also need to
­ensure compliance and consider the
unintended consequences.
International input for Action Plan
The OECD released its Action Plan in
July 2013, and possible changes to
tax policy were announced. Senior tax
­officials from over 100 jurisdictions,
G20 countries who are nonmembers
of the OECD and the UN all offered
input. Between October 2013 and
May 2014, interested parties had
the opportunity to comment on
the different policies contained in
the plan. Business input was also
­provided to the OECD through the
Business and Industry Advisory
­Committee (BIAC).
Steps required
The OECD began introducing changes
to transfer pricing guidelines and
other BEPS recommendations in
­September 2014 and will continue
to deliver ­on its BEPS Action Plan
in 2015. Key recommendations for
country-by-country reporting were
outlined in 2014. A new multilateral
­instrument designed to provide an
­innovative ­approach to international
tax matters, reflecting the rapidly
evolving global economy and the need
to adapt to this evolution, is planned
in December 2015.