The Organisation for Economic Cooperation and Development (OECD) today issued a report on progress that certain jurisdictions have made with respect to their commitments to comply with the standard on harmful tax practices, under the implementation of Action 5 of the base erosion and profit shifting (BEPS) project
The OECD report—Harmful Tax Practices - 2018 Progress Report on Preferential Regimes—contains results demonstrating that jurisdictions have delivered on their commitment to comply with the standard on harmful tax practices, including that preferential regimes align taxation with substance.
As noted in a related OECD release, assessment of preferential tax regimes was part of ongoing implementation of BEPS Action 5. The most recent review resulted in new conclusions on 57 regimes, including:
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