Today, the Organization for Economic Cooperation and Development (OECD) announced that during a meeting on October 8 in Lima, Peru the G-20 finance ministers endorsed the final package of measures proposed by the OECD/G-20 Base Erosion and Profit Shifting (BEPS) project. The BEPS measures will next be considered by the G-20 heads of state during their summit on November 15-16 in Antalya, Turkey. In a press release, OECD Secretary-General Angel Gurría stated that “[e]veryone has a stake in reversing base erosion and profit shifting. . . . The BEPS Project has shown that all stakeholders can come together to bring about change. Swift implementation by governments will ensure a more certain and more sustainable international tax environment for the benefit of all, not just a few.”
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G-20 finance ministers endorse OECD BEPS project
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