The OECD’s Base Erosion and Profit Shifting (BEPS) 2.0 initiative will have a significant impact on the global tax landscape. The new tax rules are the result of more than 140 countries achieving an historic consensus on a minimum effective taxation level of 15% for companies with consolidated revenues of €750 million.
BEPS 2.0 presents a compliance challenge, as companies must ensure that they have sufficient economic activity and substance in each jurisdiction to justify their tax strategies. This adds layers of complexity and it’s critical that executives fully understand the new rules and implications, so that they can be confident in planning their activities with the right processes in place to ensure that they are compliant with the minimum taxation rules.
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