Learn about the Implication of BEPS Action Plans on Global Tax Planning and Compliance.

The Base Erosion and Profit Shifting (BEPS) initiative by the OECD has drastically changed the international tax landscape, forcing multinational enterprises (MNEs) to rethink their tax strategies.

The BEPS Action Plans aim to prevent tax avoidance by ensuring that profits are taxed where economic activities and value creation actually take place.

We’ll explore how these action plans impact global tax compliance, focusing on key areas such as transfer pricing, country-by-country reporting, and the prevention of treaty abuse. By tackling aggressive tax avoidance strategies, BEPS ensures that companies contribute their fair share of taxes, especially in the digital economy, where taxing rights have been a challenge.

Key topics include:

- The need for BEPS and its role in addressing tax challenges in the global economy.
- How BEPS Action Plans like country-by-country reporting increase transparency and accountability.
- Why businesses must reconsider transfer pricing strategies and ensure profits align with value creation.
- The role of BEPS in curbing treaty shopping and preventing the abuse of international tax treaties.
- How businesses are adjusting their corporate tax planning to comply with new regulations.

If you’re a business leader or tax professional, understanding BEPS is crucial to navigating the evolving landscape of global tax regulations.

The implications of non-compliance can be severe, ranging from hefty penalties to reputational damage.

Companies must prioritize tax structures that are compliant with international standards, focusing on substance, transparency, and long-term sustainability.

Speaker:
Olatunji is the founder Taxmobile.Online and Managing Partner/CEO of AOA Professional Services.

Before this, Olatunji worked as Director- Tax and regulatory Services at Nolands Nigeria Professional Services, Senior Manager – Tax, Regulatory and advisory Services at Saffron Professional Services, Tax and Fiscal Reporting Accountant of Schlumberger Nigeria Limited, and as an Audit Trainee in Ernst & Young.

His experience covers the full range of services in internal audit and control, transfer pricing, arbitration, tax advisory and regulatory services, audit support, forensics investigation, and due diligence.

Disclaimer:
The information contained herein is general and is not intended, and should not be taken, as a legal, accounting or tax advice provided. This information remains strictly the opinion of Olatunji Abdulrazaq.

Links
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linkedin.com/in/abdulateef-olatunji-abdulrazaq-01a60849

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