Harmful Tax Practices - Peer Review Reports on the Exchange of Information on Tax
Inclusive Framework on BEPS: Action 5
BEPS Action 5 is one of the four BEPS minimum standards which all Inclusive Framework
members have committed to implement. One part of the Action 5 minimum standard is
the transparency framework for compulsory spontaneous exchange on certain rulings
which, in the absence of transparency, could give rise to BEPS concerns. Over 100
jurisdictions have joined the Inclusive Framework and will take part in a peer review
to assess their compliance with the transparency framework.
Specific terms of reference and a methodology have been agreed for the peer reviews
to assess a jurisdiction’s implementation of the minimum standard. The review of the
transparency framework assesses countries against the terms of reference which focus
on five key elements: i) information gathering process, ii) exchange of information,
iii) confidentiality of the information received; iv) statistics on the exchanges
of rulings; and v) transparency on certain aspect of intellectual property regimes.
This report reflects the outcome of the first peer review of the implementation of
the Action 5 minimum standard. It covers the jurisdictions which participated in the
BEPS Project prior to the creation of the Inclusive Framework, and it assesses implementation
for the 1 January 2016 – 31 December 2016 period.
Published on December 04, 2017
In series:OECD/G20 Base Erosion and Profit Shifting Projectview more titles