In the last decade, OECD officials have recommended
measures to combat tax avoidance, culminating first in the BEPS
(Base Erosion and Profit Shifting) initiative in 2015 and then the
MLI (Multilateral Convention to Implement Tax Treaty Related
Measures to Prevent BEPS) effective from July 2018 – yet have
all their efforts produced the desired changes anticipated? We all
have experienced the abject incompetence of UK politicians
attempting to implement the Brexit arrangements, so it is natural
to be sceptical about how effective the OECD measures will
be.
Written by guest author Roy Saunders, our friend and
affiliate, chairman of the International Business Structuring
Association IBSA. Please see the end of this article for more
information about Roy.
