The OECD’s so-called Base Erosion and Profit Shifting (BEPS) project which aims to reform the hopelessly outdated international tax system, has been progressing, and TJN and others have been monitoring it.
Civil society organisations, including those coordinated through the Global Alliance for Tax Justice (GATJ), have agreed the text of a Letter to the OECD Committee on Fiscal Affairs (CFA). Versions of this letter have now been sent both directly to the CFA and through national organisations to national members of the Committee.
The Letter comments on the progress so far in the OECD’s BEPS project, including all seven of the deliverables under the first year of the Action Plan. The CFA will be considering the draft reports from the relevant working parties at its meeting on 23-24 June, and is expected to approve final versions for onward transmission to the G20 Finance Ministers.
The Letter was drafted at the request of those organisations and the GATJ by members of the BEPS Monitoring Group, in particular Erika Dayle Siu and Sol Picciotto, and is based on the reports and submissions prepared by the BMG over the past months.