Impacts of BEPS

Abstract

This chapter looks at the impacts that BEPS may have on governments and businesses by looking at the key discussion points that have surrounded the BEPS Action Plan. The changes brought into being by the BEPS Action Plan are significant and in some aspects represent a fundamental shift in the way taxation is legislated. In particular the changes bring governmental cooperation and communication by national tax authorities to the centre of the issue. This chapter discusses how effective these changes may be and what, if any impact they may have on the issues of tax base erosion, profit shifting and other corporate tax avoidance and evasion methodologies.