Global Tax Reform: BEPS and Tax Transparency as Drivers

Insights on the drivers of global tax reform affecting multinational companies

Manal Corwin

Manal Corwin

Principal in Charge, Washington National Tax, KPMG US

+1 202-533-3127
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The OECD’s base erosion and profit shifting (BEPS) project has spurred jurisdictions around the world to adopt wide-ranging tax reforms to address BEPS and transparency issues, including country-by-country (CbyC) reporting and tax treaty changes implemented via the multilateral instrument (MLI). The OECD is now poised to recommend a long-term solution to addressing the challenges arising from digital business models. Together, these reforms are creating a significant impact on the global tax landscape.

 

Tax & Digitalization

Developments in the taxation of the digital economy

TaxNewsFlash—BEPS

BEPS and tax transparency developments

Multilateral Instruments

Updates and insights on U.S. income tax treaties and the OECD's MLI

Resources to keep track of adoption of BEPS-related developments

BEPS Action 1: Taxation of the Digitalized Economy - Development Summary
General overview, covering direct and indirect taxes, of how countries are responding to the challenges arising from the digitalized economy, as of November 27, 2019
BEPS Action 13: Country Implementation Summary
Countries that intend to adopt, or have already adopted, draft or final legislation or regulations implementing the OECD's BEPS Action 13 documentation requirements, as of December 3, 2019
BEPS Action 15 - MLI: Country Implementation Summary
Overview of countries that intend to sign on, or have already signed on the OECD's BEPS Action 15 Multilateral Instrument, as of November 26, 2019
List of Signed United States Competent Authority Agreements
List of Signed United States Competent Authority Agreements on the exchange of country-by-country reports (CbyCR), as of December 5, 2019
CbyCR: Secondary Filing Jurisdictions for U.S. MNE Groups
List of secondary filing jurisdictions for U.S. MNE groups for periods that began on or after January 1, 2017, as of January 29, 2019

About KPMG's BEPS-related services

Links to OECD and European Commission sites

Articles

Insights from KPMG professionals on key global tax reform developments