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18 October 2017

OECD releases progress report on preferential regimes under BEPS Action 5

The Organisation for Economic Co-operation and Development (OECD) released Harmful Tax Practices — 2017 Progress Report on Preferential Regimes (the Progress Report) on October 16, approved by the Inclusive Framework on Base Erosion and Profit Shifting (BEPS). The purpose of this document is to provide an update to the 2015 BEPS Action 5 report and to report the results of the review of all Inclusive Framework members' preferential tax regimes that have been identified. To assist and support the consistent and swift implementation of BEPS Action 5, the Progress Report also contains guidance on preferential tax regimes, timelines for amending regimes and recommendations on monitoring certain features of preferential regimes.

A Global Tax Alert, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2017-1729

Document ID: 2017-1729

 
 

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