Policy Forum: Editors' Introduction--The First-time Donor Tax Credit Kevin Milligan ~ Vancouver School of Economics ~ University of British Columbia

Policy Forum: Editors' Introduction--Addressing Base Erosion and Profit Shifting

with Tim Edgar
Canadian Tax Journal, Vol. 62, No. 2 (2014)
Google Scholar entry.


On February 12, 2013, the Organisation for Economic Cooperation and Development (OECD) released a report on the subject of base erosion and profit shifting by multinational enterprises (MNEs). This important subject has been reduced to yet another tax acronym (BEPS), but this immediate, and admittedly trivial, result of the OECD report is unlikely to be the only result of the ambitious policy project it has initiated. The report provides a general discussion of a range of issues associated with BEPS, and its significance at a general level probably lies in the signal it sends that the OECD is willing to undertake a serious reconsideration of many of the features of the current international tax regime that have resulted in very low levels of tax payable by MNEs from their cross-border operations. In fact, the OECD’s commitment to the BEPS project was made clear in a detailed action plan released on July 19, 2013. We believe it is not an overstatement to suggest that the BEPS project is one of the most ambitious and potentially significant tax-policy projects undertaken recently by the OECD.


Published version, June, 2014: link.

Return to Research Page.
kevin.milligan@ubc.ca ~ Home Page ~ Vancouver School of Economics ~ UBC