BEPS action plan may not contain specific directives
Full article first published in Thomson Reuters' International Taxes Weekly.
The OECD's action plan to tackle tax avoidance and profit shifting will not outline actual policies and may take as long as 18 months to draft, a U.S. Treasury official said on April 25 at the Taxand Global Conference 2013 in New York.
"The action plan is very likely to not describe actual policies because of the short time frame to put the action plan in place," said Robert Stack, Deputy Assistant Secretary for International Tax Affairs in the Office of Tax Policy at the U.S. Treasury Department. "It is more likely to go out to the working groups in the OECD to [for example] look at hybrid instruments [then] come back over the next 12 to 18 months and give us some combination of ideas ... model rules, best practices, etc."
This article is based on the Global Tax Trends Plenary session at the Taxand Global Conference 2013: view the plenary film and media commentary here.
Your media contact for further queries is:
Barnaby Fry, MHP
T. +44 (0)203 128 8215
Quality tax advice, globally