The real estate investment industry in the face of BEPS
Potential impacts, opportunities and threats
Innovation, new technologies such as the internet, and economic globalisation have changed the way corporates and investment funds operate and invest. International exchanges, investments and trades have grown significantly, creating new challenges for national tax authorities worldwide. Many consider that current international tax rules and approaches are no longer in tune with the realities of doing business in a globalised world and hence do not guarantee a non-discriminatory tax system.
In this context, on 19 July 2013, the OECD issued an action plan on ‘Base Erosion and Profit Shifting’ (‘BEPS’ and the ‘Action Plan’) describing 15 distinct initiatives or action points. The primary objective of this plan is to provide guidelines and actions to secure increased synergies between global economic integration, international cooperation and national taxation rights. Timing objectives centre on finalising recommendations by the end of 2015.
REflexions issue 1 - April 2015
REflexions is a bi-annual digest, dedicated to the real estate investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.