The OECD has published its final package of 13 reports constituting its base erosion and profit-shifting (BEPS) action plan for discussion by G20 finance ministers at their meeting on 8 October 2015 in Peru. The project is said to provide governments with solutions for closing the gaps in existing international rules that allow corporate profits to disappear or be artificially shifted to low/no tax environments where little or no economic activity takes place. As the project has now been finished no further recommendations are expected this year but additional work or projects are to be being pursued during 2016 on a number of issues. The significance of the BEPS outcomes is likely to vary from territory to territory. Multinational companies will be affected in different ways but there are various impacts that will be universally felt including the increased complexity generally the significant rise...