On 22 May 2014 Mark Konza, Deputy Commissioner, International, presented an update on Australia’s response to the OECD’s base erosion and profit shifting (BEPS) Action Plan, at the Tax Institute NSW 7th Annual Tax Forum in Sydney.
The Action Plan sets a framework for dealing with BEPS issues to develop a stronger international tax system that supports all jurisdictions in getting their fair share of tax. The OECD action has been undertaken at the behest of the G20 group of countries, of which Australia is a member and president during 2014.
The Deputy Commissioner’s presentation was about providing an insight into the work Treasury and the ATO are currently undertaking.
For the full text of the Deputy Commissioner’s presentation go here.