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15 July 2013

Spain supports OECD efforts on action plan to combat tax base erosion


Discussions took place on the OECD initiative to draw up an action plan to combat tax base erosion and the transfer of profits by multinational companies (the so-called OECD Base Erosion and Profit Shifting Initiative, or BEPS).

The Spanish Minister for the Treasury and Public Administration Services, Cristóbal Montoro, received the Secretary-General of the Organisation for Economic Cooperation and Development (OECD), Angel Gurría, as part of his official visit to Madrid, together with Ricardo Díez-Hochleitner, the Ambassador of Spain to the OECD. 

BEPS include  fiscal practices that enable multinational groups to artificially reduce overall taxation by transferring tax bases from one country to another - even when such practices comply with existing legislation in each jurisdiction. OECD. Any measure of this nature will require coordinated implementation by all OECD countries. Cristóbal Montoro informed the Secretary-General of Spain's utmost interest in the project and on its active participation in this issue.

At the same time, further weight was given to the mutual commitments aimed at achieving progress towards the automatic exchange of tax information in line with the recent calls made by the G20 and the EU. In this area, Spain is leading the initiative for a pilot multilateral exchange project together with four other Member States.

Press release



© La Moncloa - Government of Spain


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