The OECD has published a report that notes progress in the implementation of each of the four base erosion and profit shifting (BEPS) minimum standards.
The report presents a series of measures agreed by the Inclusive Framework to reduce implementation burdens. It highlights renewed priorities for the future of the BEPS project, particularly the continuous provision of support tailored to the growing demands of developing jurisdictions.
It provides a brief overview of the status of implementation of each of the four minimum standards, outlines agreed measures to reduce burdens and highlights renewed priorities for the Inclusive Framework aimed at maintaining progress and futureproofing the value proposition of the BEPS project, including by ensuring that all interested developing countries can fully benefit from the work.
The revised peer review methodology for BEPS Action 5 on Harmful Tax Practices is included in the Annex to the report.