Base Erosion Profit Shifting (BEPS) global survey results

Prospettive

New: 2016 BEPS global survey

Base Erosion and Profit Shifting

In 2014 and 2015, Deloitte conducted the "OECD Base Erosion and Profit Shifting (BEPS) survey" to gauge the views of multinational companies regarding the increased media, political and activist group interest in "responsible tax" and BEPS, and the expected resulting impact on their organizations. Since last year’s survey, the OECD has published 13 final reports and an explanatory statement outlining consensus actions under the BEPS project. In early 2016 we conducted the survey again, this time after the final OECD BEPS recommendations were announced in October 2015. Results are below.

Tax is increasingly recognized as a significant strategic business issue that can impact an organization’s competitiveness and its brand. For multinationals, identifying risks and opportunities from these developments is critical and will require an assessment of impact, weighing of options, regular monitoring, and development of a strategic plan, including a communications strategy.

Key findings:

  • Significant change is fully expected
  • Major impact on compliance burden
  • Concern over the consequences of unilateral action
  • Practical impact already being felt and expected to continue
  • Inconsistency of implementation a key hurdle to achieving cooperation

Find out more about BEPS and the Global Tax Reset.

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