BEPS: priorities and concerns

• BEPS project ‘on track’ to meet targets on seven ‘2014 deliverables’.
• Commentators suggest UK US and Germany have different priorities.
• Developing countries ‘have been and are regularly consulted’ says OECD.

New Zealand revenue minister Todd McClay declared on 3 July that the OECD Committee on Fiscal Affairs (CFA) had ‘approved the final recommendations for the first set of actions’. G20 finance ministers are to consider a report of the CFA following its meeting last month to vote on a series of ‘deliverables’ representing the outputs of several discussion drafts public consultations and working groups. But the OECD is not expected to release any details before finance ministers meet in the Australian city of Cairns in September 2014.

McClay said the BEPS project was ‘on track’ to meet...