This report by the Inclusive Framework on BEPS presents the current state of play in progressing its mandate, covering the period from July 2016 to June 2017. It sets out the progress that the Inclusive Framework and its members have made since the establishment of the Framework at its inaugural meeting in June 2016, and outlines how countries are progressing in the implementation of the BEPS package and in particular, the minimum standards.
Published on 5 July 2017.
In response to the G20’s call for broad and consistent implementation of the BEPS package, the Inclusive Framework was established in June 2016, and in its first 12 months, we have seen 100 countries and jurisdictions become members.
This report by the Inclusive Framework presents the current state of play in progressing its mandate, covering the period from July 2016 to June 2017. Part 1 of the report sets out the progress made in implementation of the BEPS package, including the four minimum standards, and also highlights the impact on BEPS activities that these measures are already having. Part 2 outlines the work of the Inclusive Framework in this 12-month period: the establishment of the peer review processes, the ongoing standard-setting work and delivery of guidance on implementation, as well as the assistance being delivered, often in partnership with other international organisations and regional bodies, to ensure all countries and jurisdictions are supported in the BEPS implementation process.
This report was originally published as Annex 1 to the OECD Secretary-General Report to the G20 Leaders, which was released on 5 July 2017 in advance of the G20 Leaders meeting in Hamburg, Germany.