On September 17, 2014, TEI responded to the OECD’s request for input under Action 11 of its base erosion and profit shifting (BEPS) project, Establish methodologies to collect and analyse data on BEPS and the actions to address it. TEI recommended that the OECD clearly define what is meant by BEPS and BEPS behaviors, measure whether the actions taken pursuant to the OECD’s BEPS Action Plan lead to double taxation, and safeguard the confidentiality of taxpayer information and data used in the project, among other things.
Preparation of the Institute’s letter was led by TEI’s European Direct Tax Committee, whose chair is Nick Hasenoehrl of Herbalife, in coordination with other committees. Benjamin R. Shreck, TEI Tax Counsel, coordinated the development of the Institute’s comments.