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BEPS Action 5

Counter harmful tax practices more effectively, taking into account transparency and substance

Description of this action in OECD's Action Plan (July 2013)

Revamp the work on harmful tax practices with a priority on improving transparency, including compulsory spontaneous exchange on rulings related to preferential regimes, and on requiring substantial activity for any preferential regime. It will take a holistic approach to evaluate preferential tax regimes in the BEPS context. It will engage with non-OECD members on the basis of the existing framework and consider revisions or additions to the existing framework.

Expected output and deadline for this action in OECD's Action Plan (July 2013)

Expected output 1: Finalize review of member country regimes
Deadline: September 2014

Expected output 2: Strategy to expand participation to non-OECD members
Deadline: September 2015

Expected output 3: Revision of existing criteria
Deadline: December 2015

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Belgium state aid investigation – Commissioner statement
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Belgium state aid investigation – Deloitte Belgium Tax Newsflash
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Luxembourg  ministry  of  Finance  position  paper on  tax  transparency  and  rulings
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Joint statement of UK / Germany agreement
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Deloitte Ireland Tax Alert: Finance Bill 2014: Impact on multinational corporations
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Deloitte Ireland Tax Alert: Budget announcement on double Irish structure
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Ireland Government’s Budget statement
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David Gauke's speech to the Securities Industry Conference
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Dbriefs Bytes
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OECD: 2014 Deliverables
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