International Tax Reform 2015-BEPS Final Reports

On October 5, 2015, the OECD released its final reports relating to the OECD/G20 base erosion and profit shifting (BEPS) project (the Final Reports). The BEPS project began in 2013 and has received unprecedented attention from governments and the private sector. The Final Reports outline the OECD's recommendations and the participant countries' consensus for addressing each of the 15 specific actions identified in its Action Plan on Base Erosion and Profit Shifting (see our Update on the BEPS Action Plan, " OECD/G20 International Tax Reform: Potential Impact on Canadian Companies," July 19, 2013. The actions included in the Final Reports are:

• Action 1 – Addressing the tax challenges of the digital economy