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
View more
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 & insights on U.S. income tax treaties & the OECD's MLI

It's Complicated – It's Really Complicated (DAC6)

August 26, 2020

How Technology Can Help Tax Departments Deal with Constantly Changing Tax Codes | On this Thomson Reuters Tax & Tech Talks podcast, KPMG principal Kim Majure discusses the European Commission's DAC6 mandatory disclosure rules, an outgrowth of BEPS Action 12, and what taxpayers and intermediaries can do to get ahead of the requirements.

The State of Country-by-Country Reporting

August 31, 2020

In this article, which appeared in Tax Notes International, the authors highlight the movement toward increase transparency and how that translates into additional compliance burdens, concluding that country-by-county reporting is here to stay.

Resources to keep track of adoption of BEPS-related developments

BEPS Action 1: Taxation of the Digitalized Economy Developments
September 16, 2020 | Overview, covering direct and indirect taxes, of how countries are responding to the challenges arising from the digitalized economy
BEPS Action 13: Country Implementation Summary
September 2, 2020 | Overview of countries that intend to adopt, or have already adopted, draft or final legislation or regulations implementing the OECD's BEPS Action 13 documentation requirements
BEPS Action 15 - MLI: Country Implementation Summary
September 22, 2020 | Overview of countries that intend to sign, or have already signed, the OECD's BEPS Action 15 Multilateral Instrument
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 September 17, 2020

About KPMG's BEPS-related services

Links to OECD and European Commission sites


 

KPMG Articles and Reports

Insights from KPMG professionals on key global tax reform developments