This article descibes the OECD's new recommendations on Base Erosion & Profit Shifting (BEPS) and to what extent these new rules, if they are adopted by the various states, will impact the day-to-day work of corporate treasurers.
Can taxes and the treasury function still go together well? BEPS will certainly by THE next regulatory challenge that corporate treasurers will have to confront. The tax landscape seems to be coming under even greater fire from governments. Looking for the lowest tax charge is becoming a minefield for multinational corporations. Things will never again be what they were; we can take that for granted, so we need to be ready to document intragroup transactions.
François MasquelierHead of Corporate Finance and Treasury, RTL Group, and Honorary Chairman of the European Association of Corporate Treasurers