Developing Nations Planning BEPS Mutiny
by Lorys Charalambous, Tax-News.com, Cyprus
25 January 2017
China and the new Chair of the Group of 77 have called on the United Nations to create a new tax body to develop proposals that are more tailored to developing countries than those proposed under the OECD's base erosion and profit shifting project.
The OECD has been seeking to gain the support of developing nations for its base erosion and profit shifting project, including by introducing an Inclusive Framework for countries to engage in its work on a level playing field with G-20 nations. As the BEPS standards were developed at the behest of the G20 advanced economies, some developing countries have questioned whether they are in the best interests of developing nations.
Incoming G77 chair Ecuador said it aims to urge the UN into action on developing countries' behalf.
The Group of 77 is a coalition of 134 developing nations.
To see today's news, click here.
Tax-News Reviews

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

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

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

A review of the latest budget news and government financial statements from around the world.
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 »
Network Blogs and Features
- complex tax rules and capricious tax inspectors »
- stockpiling paper »
- Hong Kong Business and Work Culture: All you need to know »
- prospects looking rosy »
- The Diamond Industry in UAE »
- Brexit Ramifications For Ireland »
- Easy guide to starting a home-based business in Ohio »
- unintended consequences »
- Basic Guide to Set up a Home Based Business in Hong Kong »
- Life's never simple »