Ever since the OECD and G-20 countries launched the base erosion and profit shifting (BEPS) project in 2013, governments around the world have taken active steps to implement several of the BEPS Action Items in their domestic tax laws. While the OECD has specifically warned against implementing unilateral measures that were not agreed as part of the BEPS project, several countries have adopted measures that go well beyond the purview of the BEPS project.
The Global BEPS Report 2017 provides a complete picture of implementation of the BEPS proposals by over 50 countries as on December 31, 2017. The Report contains country responses to the 15 Action Items such as the measures taken so far and an analysis of the actual text of the legislation. Measures proposed to be taken by some countries in future are also discussed in the Report. The Report includes, in table form, a quick reference chart setting out a country-by-country implementation of the BEPS project.
The following countries are included in the Report: Albania, Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Ecuador, Egypt, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Israel, Italy, Ireland, Japan, Korea, Latvia, Lithuania, Luxembourg, Malaysia, Malta, Mauritius, Mexico, New Zealand, Norway, Peru, the Netherlands, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Uruguay, Venezuela, and Vietnam.