UK and International Tax news
OECD Issues Discussion Draft On BEPS Action 11 And Data
Monday 20th April 2015
The OECD has recently issued a discussion draft on BEPS Action 11 which focuses on improving the availability and analysis of data on BEPS, including to monitor the implementation of the Action Plan and to evaluate the effectiveness and economic impact of actions to address BEPS on an ongoing basis.
Working Party No. 2 of the Committee on Fiscal Affairs has examined a number of empirical economic analyses on BEPS and BEPS countermeasures and the data currently used in those analyses.
The discussion draft presents an initial assessment of the currently available data as well as a number of questions about the data needed for analysis of BEPS and BEPS countermeasures.
The draft also develops some recommendations for indicators of the scale (fiscal effects) and economic impacts of BEPS and seeks comments on the proposed and other potential indicators.
In addition, the discussion draft provides a high level overview of the available economic analyses of the scale and impact of BEPS and BEPS countermeasures. Two complementary approaches to estimating the scale of BEPS are proposed, and a number of questions about economic analyses are raised.
The discussion draft does not discuss new tools to monitor and evaluate the effectiveness and economic impact of the actions taken to address BEPS on an ongoing basis, or new types of data that might be useful in helping to analyse BEPS into the future. Working Party No.2 is seeking stakeholder and public input through this consultation before making recommendations in those two areas, although comments and input on these two issues are invited.
In particular, the discussion draft includes consideration of the following issues:
What is the currently available data to analyse BEPS and BEPS countermeasures?
What are best practices in governments collecting and making available for research available data?
Whether there are additional indicators of BEPS that might be provided.
Whether the proposed indicators could have their “signal to noise” ratio enhanced.
Whether there are additional empirical analyses of BEPS and BEPS countermeasures, particularly in developing countries.
Whether there are alternative approaches or refinements of the two proposed approaches to estimating the scale of BEPS.
The options included in the discussion draft do not represent conclusions on the assessments or proposed measures, but are intended to provide stakeholders with substantive options for analysis and comment, which have been invited by 8 May 2015.Contact Us