A couple of weeks ago the G20 group of countries signed off on
an OECD Action Plan to tackle tax base erosion and multinational
profit shifting. Dr Niv Tadmore sets out what this will mean for
corporate taxpayers.
Base erosion and multinational profit shifting: Where to
from here?
Dr Niv Tadmore, Partner, Clayton Utz
A couple of weeks ago the G20 group of countries signed
off on an OECD Action Plan to tackle tax base erosion and
multinational profit shifting. Shortly after the G20's
announcement, the Australian Government issued a report endorsing
the Action Plan. What is the Action Plan seeking to
address?
Dr Niv Tadmore
The Action Plan is seeking to address two tax issues: profit
shifting and base erosion. If you picture a lake, and lots of
fishing boats on that lake casting the nets, each fishing boat
would represent a government and each net would represent a tax
system.
