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MNCs divided on OECD crackdown
First published in Accounting Today, 11 May 2015
CFOs of multinational corporations have mixed reactions to the Organisation of Economic Cooperation and Development’s crackdown on base erosion and profit shifting by global companies.
Taxand's Global Survey 2015 found that multinational CFOs are split - 52 % (agree) versus 48 % (disagree) on whether the OECD’s BEPS initiative will create a more sustainable global tax system. The survey also found that whilst 80 % of the CFOs polled believed tax initiatives to fundamentally reform international tax architecture are desirable, only 55 % think it is achievable.
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