Government key to OECD’s tax report

The Government has played an active role in developing the OECD’s base erosion and profit shifting report, according to the organisation’s head of tax policy, Pascal Saint-Amans.

The report was published last Friday and aims to establish political agreement among the OECD’s 32 member states in developing a comprehensive framework that would eliminate the sort of aggressive tax planning that robs the exchequers of western economies hundreds of billions in lost revenue every year.

There are 15 key proposals in the report and the timeframe for its implementation is over the next 18-24 months.