Major Changes International Tax Reform And Transparency

INTRODUCTION

I am pleased to send you this briefing on the two key current tax issues affecting multinationals: the reshaping of the international tax framework and transparency.

Tax is in the headlines in a manner few could have envisaged – even a year or two ago. This has led to a range of issues for business to consider, from the OECD's Base Erosion and Profit Shifting project, to calls for greater levels of information about taxation.

My view is that this enhanced level of interest in taxation will continue, with consequences for us all – not just those in the media spotlight. Whilst specific events will come into focus and then fade, the general level of interest will remain higher than it has been over the last thirty years.