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International Working Committees
as long as they do not conflict with their international
legal commitments. (…) … the emergence of competing
sets of international standards, and the replacement of
the current consensus based framework by unilateral
measures, could lead to global tax chaos marked by the
massive re-emergence of double taxation.”
As such, it is crucial to ensure consistent implementation
and effective monitoring. We need implementation to
be consistent at national level to ensure legal certainty
and avoid a rise on adjustments by Tax Authorities, spill-
overs, and an increase on double or multiple taxation.
The BEPS implementation form that will be developed
by the OECD is expected to enable/facilitate such
effective implementation.
As far as monitoring, OECD needs to carry out
effective and tight monitoring to survey national and
internationally implemented measures.
The success will depend on countries’ receptivity
and single/consistent implementation; nonetheless,
expected changes of behavior towards tax should be
creating a friendlier, fairer and more transparent tax
systems within the short-term.
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