THEOECD is preparing a real one global tax revolution which could knock out the giants of the economy. From Apple to Google, via Starbucks and Amazon, today all the big names in the world take advantage of very flexible rules to pay taxes in the country with the most favorable tax rules and not in the country of production. The OECD wants to put an end to this practice which benefits a few and penalizes many countries. Thus, together with the G20 states and 60 other partner countries, it has developed a package of 15 measures for fight against tax avoidance.
This series of actions that the OECD has prepared is called 'Beps', an acronym for the expression “Base Erosion and Profit Shifting” and, in the words of the Secretary General of the Organization for Economic Co-operation and Development Jose Angel Gurria it will be “the biggest change to international tax rules in a century now”. A change so great as to upset the current balance and cause economic damage to the groups that apply these elusive practices estimated at between 100 and 240 billion dollars a year.
The actions that will be implemented by the OECD are 15 in all and among these there is also a chapter on the digital economy, the measures on fictitious financial transfers.
