Francesca Lagerberg, Global head of Tax services welcomes moves towards global taxation transparency.
Three quarters of business leaders would pay more taxes in exchange for greater clarity from authorities on what is acceptable. And while few expect a global agreement any time soon, the majority would like to see their governments take unilateral action to help achieve this aim.
The Organisation for Economic Co-operation and Development (OECD) is set this week to unveil a radical overhaul of international taxation. According to our latest International Business Report (IBR), a quarterly survey of 2,580 businesses in 35 economies, 74% of businesses would welcome more global cooperation and guidance from tax authorities. They’d like to know what’s acceptable and unacceptable tax planning, even if this provided less opportunity to reduce tax liabilities. So will the Base Erosion and Profit Shifting (BEPS) Action Plan result in a tax system that’s fairer, more efficient and more understandable? What are the risks and opportunities that may arise?
Effective management of country-by-country reporting is going to require a new way of looking at transfer pricing
Tax management within multinational enterprises has never been more challenging. 'Getting to grips with the BEPS Action Plan' is the latest report from our BEPS series exploring the OECD’s planned overhaul of the international tax system, what it means for businesses and how they can prepare.
Grant Thornton uses cookies to monitor the performance of this website and improve user experience
To find out more about cookies, what they are and how we use them, please see our privacy notice, which also provides information on how to delete cookies from your hard drive.
