In July 2013, the OECD published an Action Plan on Base Erosion and Profit Shifting (BEPS). This set out 15 BEPS actions and, on 5 October 2015 the OECD and G20 published final reports along with an explanatory statement outlining consensus recommendations that had been reached as part of the BEPS project. Links to the final reports can be found below under the relevant actions.
Since October 2015, the OECD and G20 have continued to undertake further work on many of the BEPS actions through the BEPS “Inclusive Framework.” The Inclusive Framework brings together a much larger group of countries than those involved in agreeing the recommendations published in 2015, enabling additional countries to take part in the ongoing BEPS work on an equal footing with OECD and G20 members, provided they commit to the BEPS minimum standards.
The following links provide an overview of the BEPS project. Please see the relevant actions sections for content related to a specific action.