Global Tax Reform: BEPS and Tax Transparency as Drivers

Insights on the drivers of global tax reform affecting multinational companies

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 initiative and tax transparency developments

Multilateral Instruments

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

KPMG Report: Summary and Initial Analysis of Pillar One Blueprint

October 12, 2020

On October 12, the OECD/G20 Inclusive Framework on BEPS released a Blueprint for Pillar One—part of the OECD’s two-pillar approach to address the tax challenges of the digitalization of the economy. This report provides an initial analysis of the Pillar One Blueprint.

KPMG Report: Summary and Initial Analysis of Pillar Two Blueprint

October 12, 2020

On October 12, the OECD/G20 Inclusive Framework on BEPS released a Blueprint for Pillar Two—part of the OECD’s two-pillar approach to address the tax challenges of the digitalization of the economy. This report provides an initial analysis of the Pillar Two Blueprint.

Resources to keep track of adoption of BEPS-related developments

BEPS Action 1: Taxation of the Digitalized Economy Developments

January 15, 2021 | 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

January 11, 2021 | 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