With some notable exceptions (the US, perhaps?), a consensus has emerged among the world's governments that corporate tax avoidance is a major problem that needs tackling, and that the OECD's BEPS recommendations are the best tools for the job.

Equally, however, there is a body of opinion outside officialdom which warns the one-size-fits-all approach represented by BEPS is far from ideal, and is leading to some unintended consequences.