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OECD discussion draft on Action 3 (Strengthening CFC rules)
On 3 April 2015, the OECD published a discussion draft on Action 3 (Strengthening CFC rules) of the BEPS Action Plan. Action 3 of this plan stresses the need to address base erosion and profit shifting using controlled foreign company (CFC) rules. Many countries already have CFC rules, but these rules do not always counter BEPS in a comprehensive manner. The Action Plan recognises that the actions to counter BEPS must be complemented with actions that ensure certainty and predictability for business.
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