Statement made by the Secretary-General during session 2 of the Leader's Summit in Brisbane.
In September the OECD presented its first package of recommendations to the G20 for an international approach to stopping artificial tax base erosion and profit shifting. Seven recommendations were proposed as part of the 15-point BEPS Action Plan.
The OECD released today its new Strategy for Deepening Developing Country Engagement in the Base Erosion and Profit Shifting (BEPS) Project, which will strengthen their involvement in the decision-making processes and bring them to the heart of the technical work.
The new OECD/G20 standard on automatic exchange of information was endorsed today by all OECD and G20 countries as well as major financial centres participating in the annual meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes in Berlin. A status report on committed and not committed jurisdictions will be presented to G20 leaders during their annual summit in Brisbane, Australia on November 15-16.
English, PDF, 160kb
This report shows progress by the Global Forum on Transparency and Exchange of Information for Tax Purposes.
English, PDF, 1,325kb
Produced for the G20 Development Working Group, this Roadmap points the way to developing country participation in the new standard on automatic exchange of information.
English, PDF, 957kb
At the G20’s request, the OECD is leading the development of a strategy to address base erosion and profit shifting (BEPS). The Development Working Group has asked the OECD to draw together the experiences of developing countries and international organisations in a report on the main sources of BEPS in developing countries and how these relate to the OECD/G20 BEPS Action Plan on this issue.
Through the OECD/G20 Base Erosion and Profit Shifting Project (BEPS), and the OECD's work to establish a single global standard for the automatic exchange of information, the OECD and the global community are reforming an international tax system which had not kept pace with changing times, and in doing so, restoring integrity, coherence and effectiveness to it.
English, PDF, 618kb
This report consists of two parts. Part I is a report by the OECD Secretary-General regarding (A) the OECD/G20 BEPS Project; (B) the single global common standard on Automatic Exchange of iInformation; and (C) Tax and Development. Part II is a Progress Report to the G20 by the Global Forum on Transparency and Exchange of Information for Tax Purposes.
International tax evasion and avoidance has been a headline issue for more than 5 years. In a context of economic and social hardship, these behaviours understandably raised questions about the fairness and integrity of our tax systems. As a result, since the crisis, the OECD has been partnering with the G20, bringing together technical expertise and political leadership, to address those issues.