International Anti-Corruption Commitments

Title of the document

Declaration on Base Erosion and Profit Shifting

(https://legalinstruments.oecd....)

Issuing body

OECD

Brief description

The Declaration was adopted on 29 May 2013 on the occasion of the OECD Council Meeting at Ministerial Level. During the meeting, Ministers highlighted the importance of restoring fairness and confidence in tax systems, including by acting against tax fraud and evasion and welcomed recent work on Base Erosion and Profit Shifting.

Relevant excerpts

CONSIDERING that base erosion and profit shifting (BEPS) constitutes a serious risk to tax revenues, tax sovereignty and the trust in the integrity of tax systems of all countries that may have a negative impact on investment, services and competition, and thus on growth and employment globally;

1.DECLARE that there is a pressing need to address BEPS and to work towards a level playing field in this area.

2.AGREE that national authorities should collaborate in evaluating the issues and developing potential solutions to address the challenges raised by BEPS.