In May 2015, TP Week surveyed in-house tax professionals and found that 54% of them had been proactively taking steps to prepare for BEPS implementation.
The UK Budget for 2016 offered few surprises but showed the desire of George Osborne, chancellor of the exchequer, to lead the way in implementing OECD BEPS recommendations ahead of the rest of the world.
Robert Stack, deputy assistant secretary at the US Treasury, has said the US would not share information from country-by-country reports (CbCR) if authorities decide to make the information public.
Pascal Saint-Amans, director at the OECD, and Robert Stack, deputy assistant secretary at the US Treasury have acknowledged the role the BEPS process has held in pushing the US to reform its tax system.
The US will finalise its country-by-country reporting (CbCR) rules by July, according to Robert Stack, Treasury deputy assistant secretary for international tax affairs.
The Australian budget for 2016-2017 is released on Tuesday. TP Week looks ahead to see which policies are likely to be unveiled to tame the fury over cross-border taxation.
