Base Erosion Profit Shifting (BEPS) global survey results

Perspectives

Updated for 2015: BEPS global survey

Base Erosion and Profit Shifting

In 2014, Deloitte conducted its first "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. In early 2015, a follow-up survey was conducted to understand how clients’ views on the tax landscape have evolved. Since last year’s survey, the OECD released seven new deliverables in September 2014 along with several draft reports under its BEPS Action Plan. Results are below.

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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 of 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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