The Organization for Economic Cooperation and Development (OECD) rose on Tuesday in Paris first proposals, with which so-called aggressive Tax Planning Global Businesses should be curbed. The OECD template should be approved by the end of the week of the finance ministers of leading industrialized and emerging economies (G20).
“The G20 see in the aggressive tax planning, a serious risk to tax revenue, the sovereignty and fair control systems worldwide, “said OECD Secretary-General Angel Gurría, according to the industrial countries-organization in Paris. The recommendations Gurria sees as a “basis for an internationally coordinated response to the control optimization of multinational companies”. These companies shifted so far over loopholes their profits in areas with low taxes.
income from licenses minimally taxed
In details and EU countries are still divided. The entire package will be packed with the legal loopholes should be by the end of 2015. This includes, among other things, the taxation global Internet giants with different business models. Here it is increasingly difficult to clarify which country are a business and thus allocate profits and taxes. Special rules for “digital products” rejects the OECD from: “Isolated solutions have no sense.” Also to be avoided, that companies are not taxed by exploiting different rules
Next are disputed uniform requirements in global competition. without in the country is actually made by so-called patent boxes, with an income from licenses are minimally taxed, research and development. Lure here – also EU countries -. Multinationals with low taxes on royalty income
Large corporations use loopholes
background of the OECD and G20 plans is also the practice, with companies such as Although achieve Apple, Amazon, Google and other multinationals high profits, thanks to legal tricks and an intricate braid company but pay little or no income taxes. You move profits and activities between Hochsteuer- in deep-tax countries back and forth – also taking advantage not internationally coordinated control rules and national loopholes. The aim of OECD and G20 is that future where business is done, and appropriate taxes are due
The OECD presented a 15-point action plan to curb cross-border profit shifting a year ago -. Against the so-called base erosion and Profit Shifting (BEPS). There are seven areas now are initial proposals.
At the Federal Association of German Industry (BDI) is chief executive Markus Kerber “for the tax authorities in Germany rather the risk of continuing to play less in taxes than the chance of getting more benefits in tax competition “. China and India wanted a bigger slice of the global tax pie. The project appears to them as a good opportunity Kerber said, according to the association.
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