Today tax executives are feeling the heat due to enduring pressure to improve efficiency, grow revenue and ensure control. Increasing tax regulatory requirements are making “being in control” even more challenging. The BEPS Action Plan sets forth 15 Actions aimed to address tax planning strategies that exploit gaps and mismatches in tax rules or shift profits to locations where there is little or no activity. There are still certain follow-on actions for some BEPS focus areas that OECD plans to finalize in the upcoming year. However, BEPS-driven developments are already happening in individual countries and are fundamentally changing the international tax standards. Moreover, OECD has finalized the update of the related guidelines in 2017 and more and more countries are implementing the OECD guidelines into their local legislation.
TPA Global has developed a BEPS proof Assessment Tool to help you identify, at a high level, your readiness to comply with new international tax standards that are encouraged by OECD Action Plan on Base Erosion and Profit Shifting. The assessment captures insights across the organization using structured interviews facilitated by TPA Global professionals. We help you anticipate and proactively minimize potential tax and transfer pricing risks following a 15 BEPS Actions approach.
With the fast growth of China’s economy and the continuous improvement of the comprehensive strength of domestic enterprises, as well as the implementation of the “One Belt, One Road” policy, an increasing amount of Chinese enterprises are beginning to expand their global footprint and establish their presence in Europe.
TPA Global has developed a practical roadmap of 6 steps meant to guide CFOs in their Journey of rising above troubles to reach a situation of full control. These steps are presented in a series of short video clips (3-5 minutes):