Revelations from the 2016 BEPS Survey Report

The BEPS Action Plan affects international tax professionals and companies around the world. In 2015, The OECD issued 15 action items that address areas like the digital economy, treaty abuse and transfer pricing documentation. Our BEPS Survey Report is a look into how companies are reacting and how prepared they are to contend with The BEPS Action Plan.  

We’ve collected responses from 207 corporate tax executives in multinational corporations from around the world.  A few interesting findings from the 2016 BEPS Survey Report are highlighted below:

• 66% of companies are proactively preparing for the new BEPS reporting requirements, representing a 22% increase from last year’s survey;
• 83% of respondents said documentation and country-by-country reporting for transfer pricing has required the biggest operational changes;
• Only 48% of companies surveyed have provided more resources to help their tax departments cooperate with BEPS implementation;
• 86% of respondents said that the BEPS Actions will cause their tax departments to dedicate more time to that area.

The 2016 BEPS Survey Report reveals trends, risks and pain points on a global scale. The full report dives into approach to BEPS, biggest BEPS change and tax department impact. To learn more download the full report.