OECD BEPS Project: Overview, current situation and prospects

Sapezhinskaya Anna Antonovna

The Organization for Economic Co-operation and Development (OECD) has achieved significant results over more than ten years of its work in the field of countering base erosion and profit shifting (BEPS), as well as in the field of taxation of the digital economy. This article discusses the main stages in the development of the OECD BEPS plan, namely: the initial 15 Actions aimed specifically at de-offshorization of the economies of the participating countries, The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting, as well as the BEPS 2.0, which emerged from the development of Activity 1 and is already aimed at equitable distribution of taxes for countries in the field of e-commerce and the digital economy. If initially the OECD BEPS was more beneficial to developed countries with a high level of taxation and The United Nations Model Double Taxation Convention, which protected the source country, was a full-fledged opponent, then the BEPS 2.0, which aims at equitable distribution of taxes in the digital economy, supports developing countries, thereby becoming unique in the field of international legal cooperation. If it is possible to achieve a consensus between the participating countries (of which there are already more than 130) on the BEPS 2.0, then this could become the beginning of a new stage of international legal cooperation in the field of taxation and will affect almost all multinational corporations.

Keywords:jurisprudence, international law, tax law, deoffshorization, international organizations, OECD, BEPS, UN, digital economy, taxation