OECD tax investigation will fail, says 75% of firms

More than three-quarters of businesses across the world think the OECD’s investigation into tax avoidance will be a failure.

The OECD’s Base Erosion and Profit Shifting (Beps) project is aimed at tackling tax avoidance by large multinationals who use complicated tax arrangement such as the ‘Double-Irish’ to avoid paying huge sums to governments around the globe.

Less than a quarter of 2,500 companies in 34 countries surveyed by taxation specialists Grant Thornton believe the investigation will yield positive results.