BEPS rules failing to curb offshore profit shifting

The Netherlands and the UK, far from discouraging financial flows to low and no-tax financial centres, are actually encouraging them, according to the findings of an academic report by the University of Amsterdam which shows that BEPS has been slow to effect real change in corporate tax policy. Global Tax Weekly editorial team examines the findings

Given that both countries are at the forefront of efforts to tackle base erosion and profit shifting, as members of both the OECD and the G20, surely the conclusions of the report by the University of Amsterdam, entitled Uncovering offshore financial centres: conduits and sinks in the global corporate ownership network, are wrong?

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