Emerging trends in BEPS arena

OECD’s BEPS Project was launched after one of the most severe financial and economic crisis period during 2008, with an ambitious goal: to revise the tax rules to align them to developments in the world economy, and ensure that profits are taxed where economic activities are carried out and the value is created. OECD identified 15 actions centred along three fundamental pillars: introducing coherence in the domestic rules that affect cross-border activities, reinforcing substance requirements in the existing international standards and improving transparency, as well as certainty for businesses that do not take aggressive positions.

The key drivers of evolving global tax policies are not only in terms of raising revenue and redistributing wealth, but also regulating corporate behaviour. Read more emerging trends in BEPS area.