Market leading insight for tax experts
View online issue

OECD launches BEPS action 12 consultation

printer Mail

The OECD has published a discussion draft on action 12 (mandatory disclosure rules) of the BEPS action plan for consultation. The discussion draft:

  • provides an overview of mandatory disclosure regimes, based on the experiences of countries that currently have such regimes, and
  • sets out recommendations for a modular design of a mandatory disclosure regime, including recommendations on rules designed to capture international tax schemes

The consultation is open until 30 April 2015 after which the received comments will be discussed at a public consultation on 11 May 2015. See the discussion draft.

The OECD has also announced that work will now start on implementing their plans to enhance information exchange, with the Forum on Tax Administration developing a framework for cooperation between tax administrations.