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How BEPS Will Affect Treasury

The BEPS Project from the OECD and the G-20 requires multinational companies to review, and perhaps reconsider, some of their core treasury structures.

By Treasury & Risk Staff | Updated on February 03, 2016
Last fall, the secretary general of the Organisation for Economic Co-operation and Development (OECD) presented leaders of the G-20 nations with the final package of measures to combat Base Erosion and Profit Shifting (BEPS). The BEPS Project is a global tax initiative focused on better aligning economic activities, risks, and capital with the taxable profits they generate, which should increase transparency and prevent harmful tax competition.

To sort out how the BEPS Project will impact corporate treasury teams, Treasury & Risk sat down with Deloitte principal Melissa Cameron.

T&R:  First, what is the goal of the BEPS Project?

Melissa Cameron:  At the 30,000-foot level, the OECD and other countries that have joined in the BEPS Project are seeking a global tax reset. The initiative consists mainly of recommendations on 15 topics, with the goal of these “actions” being implemented by taxing authorities around the world. The recommendations have a common theme of preventing shifts in the corporate income tax base away from the tax jurisdictions where the activity that generated the income occurred.

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