EY responds to today’s OECD BEPS announcement

Today, the Organisation for Economic Co-operation and Development (OECD) released its final reports on the Base Erosion and Profit Shifting (BEPS) Action Plan.

They include recommendations for potentially dramatic changes in international tax laws and treaties. Clarity in the new rules and consistency in application will be essential in mitigating the potential disruption to cross-border business activity.

In response to the announcement, EY has today released a statement from its Global Vice Chair – Tax, Jay Nibbe, highlighting the need for businesses to work constructively on implementation of the BEPS recommendations.