Transformation of Tax Laws: A Global Perspective

• Autores: Atul Awasthi
• Localización: Intertax, ISSN 0165-2826, Vol. 45, Nº. 2, 2017, págs. 175-181
• Idioma: inglés
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• Resumen

  • The global outreach of the Base Erosion and Profit Shifting (BEPS) program has surpassed the expectations of many around the world. Significant headway has been made since the Organisation for Economic Co-operation and Development (OECD) was tasked by the G20 leaders to devise a global strategy to deal with the menace of black money and tax evasion. Governments have woken-up to the need of integrated efforts to fight against the mechanisms used by Multinational Enterprises (MNEs) to use loopholes in the tax systems enabling evasion or underpayment of taxes.

    Enactment of unilateral tax laws; re-negotiation of existing Double Tax Avoidance Agreements (Tax Treaty); inserting anti-abuse provisions within the existing Tax Treaties; entering into agreements for exchange of information, are some of the key measures adopted by the Governments so far. Some of the key developments in the recent past are discussed.