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The BEPS Project and the Tax Challenges of the Digital Economy Raffaele Russo Head of BEPS Project The OECD

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Page 1: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD

The BEPS Project and the Tax

Challenges of the Digital Economy

Raffaele Russo

Head of BEPS Project

The OECD

Page 2: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD

Why (BEPS)?

Page 3: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD
Page 4: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD

© David Jones

Page 5: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD

What (is BEPS

about)?

Page 6: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD
Page 7: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD

When (is BEPS due)?

Page 8: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD

Coherence

Hybrid Mismatch Arrangements (2)

Harmful Tax Practices (5)

Interest Deductions (4)

CFC Rules (3)

Substance

Preventing Tax Treaty Abuse (6)

Avoidance of PE Status (7)

TP Aspects of Intangibles (8)

TP/Risk and Capital (9)

TP/High Risk Transactions (10)

Transparency

Methodologies and Data Analysis (11)

Disclosure Rules (12)

TP Documentation (13)

Dispute Resolution (14)

Digital Economy (1)

Multilateral Instrument (15)

Page 9: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD

‘‘L’urgence est la colonne vertébrale de l’action.’’ Quai d’Orsay, Bertrand Tavernier, 2013

© lefigaro.fr

Page 10: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD

Where (is BEPS now)?

Page 11: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD

Engagement with developing countries

Page 12: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD

Digital Economy (63)

Treaty Abuse (79)

TP Intangibles (67)

Hybrids (70)

TP Documentation (183)

Total comments received: 462

21

7

31

1

2

1

27

6

41

2

3

0

39

6

16

1

5

0

30

3

34

2

1

0

66

21

67

18

9

0

Law & Account Firms

MNE

Business and Lobby

NGO and civil society

Academia

Non Member

Source of comments:

Digital Economy (63)

Treaty Abuse (79)

TP Intangibles (67)

Hybrids (70)

TP Documentation (183)

Consultations and stakeholder input

Page 13: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD

2014 deliverables

Page 14: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD

Let’s talk about the

digital economy …

Page 15: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD
Page 16: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD

BEPS in the digital

economy

Page 17: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD
Page 18: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD

18

Parent Co

Intermediate Co 2

Intermediate Co 1

Ultimate Residence Country

Intermediate Country 2 Intermediate Country 2

Market Country

Local Activity

Avoid Taxable Presence or Maximise Deductions / TP Planning

Low or no Withholding tax

Preferential Regime Hybrids TP Planning

Deductible Payments

Ineffective/No CFC Rules

Low or no Withholding tax

Preferential Regime

Maximise Deductions / TP Planning

Page 19: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD

Broader Tax

Challenges

Page 20: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD

© strf.net © techtabz.com

© godependable.com © Sophie Fleury

Page 21: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD
Page 22: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD

«… I SAY, DEAR, THIS SURE IS AN IMPRESSIVE LIBRARY.»

Page 23: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD

Options to address

these challenges and

their relationship with

BEPS

Page 24: Keynote: The BEPS Project & the Tax Challenges of the Digital Economy - Raffaele Russo, Head of BEPS Project, The OECD

www.oecd.org/tax/beps.htm

#DETAX

24

http://www.oecd.org/beps
http://www.oecd.org/tax/beps.htm

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