Should We Expect Every Country to Implement BEPS, Regardless of the Economic Implications?

    View Authors April 2016

    When the Organisation for Economic Co-operation and Development (OECD) released their base-erosion and profit shifting (BEPS) reports last fall, the real work began for countries to implement the recommendations contained in the reports. Each participating country is now in the process of deciding when, how or even whether they will implement the suggested changes. Even as many countries lost tax revenue as a result of BEPS planning techniques, other countries have benefited from BEPS strategies over the years. As a result, a question arises as to whether certain countries will choose to not implement the OECD’s recommendations, since to do so would be harmful to their economies, particularly countries that have a material proportion of their wealth generated from structures designed to maximize tax efficient structures.