CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. APEC Nations Discuss BEPS Implementation

APEC Nations Discuss BEPS Implementation

by Mary Swire, Tax-News.com, Hong Kong

27 February 2017


Representatives from the Asia-Pacific Economic Cooperation countries discussed the implementation of base erosion and profit shifting (BEPS) recommendations at a seminar on February 22, 2017.

In particular, participants discussed the four BEPS minimum standards put forward by the OECD on BEPS. These are on: harmful tax practices, tax treaty abuse, country-by-country reporting, and dispute resolution mechanisms.

They welcomed the establishment of the OECD's Inclusive Framework on BEPS. 76 percent of APEC members are taking part as a member of this Framework, which commits countries to the minimum standards and peer review. They will work together with G-20 and OECD member states to take forward the BEPS agenda.

Participants discussed the multilateral instrument (MLI), developed by the OECD under Action 15 of the BEPS project, to transpose BEPS recommendations into over 2,000 tax treaties worldwide. According to the OECD, the instrument is intended to implement minimum standards to counter treaty abuse and to improve dispute resolution mechanisms, while providing flexibility to accommodate specific tax treaty policies.

TAGS: compliance | tax | business | tax compliance | tax avoidance | law | Organisation for Economic Co-operation and Development (OECD) | ministry of finance | tax authority | agreements | multinationals | tax planning | transfer pricing | tax reform | standards | trade | Vietnam | Asia-Pacific | BEPS

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »