OECD’s BEPS initiative

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OECD’s BEPS initiative

Multinational survey results

The results of Deloitte’s global client survey “OECD Base Erosion and Profit Shifting (BEPS) & Responsible Tax”

Deloitte has recently undertaken a global survey, “OECD Base Erosion and Profit Shifting (BEPS) & Responsible Tax survey”, to gauge the views of clients regarding the increased media, political, and activist group interest in “responsible tax” and BEPS, and the resulting impact on their organisations. Nearly 600 Deloitte member firm clients responded to the survey, the results of which are here.

We are pleased to share with you the findings of the Deloitte survey.

Results show a growing concern over increased media interest in tax

In summary, 93% of survey respondents agreed or strongly agreed that there has been an increased media and political interest in tax in their country. Overall, 74% agreed or strongly agreed that their organisation is concerned about the increased media, political, and activist group interest in tax and 60% have received questions from their C-Suite and/or Board of Directors about the increased media and political activist group interest in tax.

Other important survey results

  • Nearly 90% of respondents are anticipating that their income tax compliance burden will substantially increase as a result of the additional reporting from the BEPS recommendations
  • Over 50% of respondents are anticipating significant unilateral legislative changes to protect the tax base that is not coordinated with what other countries are doing
  • Almost 50% of respondents are anticipating significant legislative and treaty changes as a result of the BEPS initiative.

Concerns raised by the respondents

A number of concerns were raised by the respondents including:

  • Potential for double taxation where countries do not align their taxation regimes
  • Increased costs for administration and compliance
  • Creating more uncertainty in the international tax area
  • Increased tax audits in many locations.
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