In four weeks when we meet again in Lima, I will deliver the full package of 15 measures to address Base Erosion and Profit Shifting - BEPS. The project is a vivid example of how the G20 in partnership with the OECD has been able to balance the necessity of tax sovereignty with the realities of a globalised economy and rapidly changing business models.
Senior members of the OECD's Centre for Tax Policy and Administration (CTPA) commented on the progress report on the BEPS deliverables, Developing countries’ engagement and input, upcoming discussion drafts and public consultations, and provided a schedule for the release of the finalised BEPS package.
It is a testament to how important this issue is that we have so many eminent Ministers and officials from OECD Global Forum member countries and observer organisations here. The Forum today has 127 members, of which more than half are developing countries. We are working on an equal footing to monitor commitments to global tax transparency standards because it is a global issue, and we are very much in it together!
Reducing BEPS, as we call it, could go a long way towards helping developing countries mobilise the resources they need to finance sustainable development.
Événement en marge de la Troisième conférence internationale sur le financement du développement
This year’s COP21 presents a unique opportunity. It will need to forge a clear path for reducing emissions, and for lessening our impact on the planet. It is therefore timely that this year’s International Tax Dialogue focuses on the role that tax can play in managing these environmental challenges.
I am delighted to welcome you this morning for the signing of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, the most powerful single instrument for international tax co-operation. Mauritius becomes the 87th jurisdiction to join.
The European Commission presented today an Action Plan to fundamentally reform corporate taxation in the EU. The Action Plan sets out a series of initiatives to tackle tax avoidance, secure sustainable revenues and strengthen the Single Market for businesses.
Today marks another key moment in stepping up the fight against offshore tax evasion. I congratulate the countries represented here for acting so quickly on the commitments made last year. And I offer the full support of the OECD in the implementation process that is now to follow. Together, let’s make tax transparency a reality around the world.
Today’s ceremony sends yet another strong message to the international community of El Salvador’s commitment to fighting international tax avoidance and evasion by increasing transparency. This builds on the first major step, taken in 2011, when El Salvador joined the Global Forum on Transparency and Exchange of Information.