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ARTICLE · 02 DECEMBER 2014

The BEPS Deliverables: A Macro Critique

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The OECD's crusade against base erosion and profit shifting will be remembered either as a well-coordinated campaign against abusive tax avoidance, or a waste of vast amounts of time and resources.

CanadaTax
Nathan Boidman
Nathan Boidman
Michael Kandev
Michael Kandev
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What unites the dates February 12, 2013, July 19, 2013, and September 16, 2014? They are the key dates to this point in the OECD's crusade against base erosion and profit shifting, which will be remembered either as a well-coordinated campaign against abusive tax avoidance by large multinational enterprises, or a waste of vast amounts of time, resources, and energy for businesses, tax communities, and governments.1

The initiative was announced on February 12, 2013;2 the 15-step action plan was unveiled on July 19, 2013;3 and the first set of final and semifinal deliverables was released on September 16, 2014.4 In between the latter two dates, several discussion drafts of the action items were released for comment.5

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