The OECD has released a discussion draft on Action 11 of its Base Erosion and Profit Shifting (BEPS) project, which focuses on how to establish methodologies to collect and analyse data on BEPS and determine what actions are needed to address the issues
The consultation examines ways to improve the availability and analysis of data under the new BEPS framework and how to monitor the implementation of the OECD’s Action Plan.
The consultation is designed to develop recommendations regarding indicators of the scale and economic impact of BEPS and ensure that tools are available to monitor and evaluate the effectiveness and economic impact of the actions taken to address BEPS on an ongoing basis.
This will involve developing an economic analysis of the scale and impact of BEPS (including spill-over effects across countries) and actions to address it.
The work will also involve assessing a range of existing data sources, identifying new types of data that should be collected and developing methodologies based on aggregate (ie, balance of payments data) and micro-level data (ie, from financial statements and tax returns).
The OECD will also take into account the need to respect taxpayer confidentiality and the administrative costs for tax administrations and businesses.
The OECD’s Action Plan needs to be agreed by September 2015.
The closing date for comments is 8 May 2015.
The consultation document is available here www.oecd.org/ctp/tax-policy/public-consultation-beps-action-11-data-analysis.htm
Comments should be sent by email to [email protected]
