In accordance with the provisions of the G20, the OECD has presented a global joint action plan against tax evasion by multinationals. The prospectus is part of the project signed up by the 20 big ones on the planet on tax optimization, with the aim of removing weapons from tax avoidance.
The bill aims to share a plan of common rules on international tax matters, with the aim of stopping the abrasion of taxation bases and the transfer of massive business profits to compliant countries, ie tax havens.
Pascal Saint Amans, project manager for the OECD, commented on the intention, assuring that “it's not blah blah. They are technical indications that aim to re-establish fiscal sovereignty”.
A concrete package of measures, therefore, would be ready to put an end to tax differences from country to country. The OECD wishes envisage some recommendations already applied from the end of 2015. Meanwhile, the finance ministers of the G20 will be informed of the project - as of other recommendations - in Cairns, Australia, in the summit of 20 and 21 September.
