The Base Erosion and Profit Shifting (“BEPS”) initiative, launched by the OECD in 2015 has resulted in helpful solutions for some of the most shocking tax avoidance mechanisms. But it has failed to address the core problem: companies are still allowed to move their profits wherever they want and to take advantage of very low tax jurisdictions.
ICRICT thinks the OECD BEPS process has achieved what it could, within the constraints of politics driven by big corporations. It is time now to move away from the transfer pricing system towards a fairer and more effective system. Read more about our critics and proposals in this a new paper.