Understanding BEPS, the Most Important Global Tax Initiative of Our Time

June 18, 2019 | 1PM EDT / 6PM BST

The OECD’s Base Erosion and Profit Shifting program has had a profound effect on the way multinational corporations structure their international operations and associated taxes, and it continues to reshape the global tax landscape. Started by the OECD and G20 countries in 2013, the BEPS framework and related country-specific tax laws seek to “ensure that profits are taxed where economic activities generating the profits are performed and where value is created.”

The list of countries implementing BEPS-related guidance now tops 125 and is growing. The hard truth is that virtually any business with cross-border activities — including those that engage in cross-border digital commerce — must throw away outmoded notions of creating local taxable presences solely through physical presences and of easily and legally moving profits to low-tax jurisdictions.

This webinar summarizes the BEPS project and provides real-life examples of the kinds of tax laws being introduced by countries around the world to ensure local authorities receive their perceived fair share of tax. Here’s a list of some of the items to be covered in the presentation:

  • Overview of OECD BEPS guidance, including country-by-country reporting and transfer pricing documentation and the Multilateral Convention (MLI)
  • Lessons from the European Commission’s 2016 13 billion euro Apple ruling
  • UK offshore receipts law related to intangible property
  • Hong Kong’s new transfer pricing requirements
  • Singapore’s introduction of the MLI

Presented by:

Associate Director, Solicitor
Vistra Corporate Law

Associate Director
Vistra Trust Company

Speaker Name
Speaker Title

Sed ac purus sit amet nisl tincidunt tincidunt vel at dolor. In ullamcorper nisi risus, quis fringilla nibh mattis ac. Mauris interdum interdum eros, eget tempus lectus aliquet at. Suspendisse convallis suscipit odio, ut varius enim lacinia in. Lorem ipsum dolor sit amet, consectetur adipiscing elit.