Maya Forstater

I'm sorry, at one level, that there is such clarity that BEPS (1.0, if you like) has failed...https://twitter.com/PSaintAmans/status/1068626083820568576 …

Many good folks at the OECD worked hard to deliver progress, and when some country-by-country reporting data from multinationals becomes public, we will start to see new accountabilities for the jurisdictions ultimately responsible for the most gross profit shifting abuses.

But the hands of Pascal's team at the OECD were completely tied at the outset, by the insistence of some member states that the BEPS process could not consider alternatives to arm's length pricing.

This, coupled with the near total absence of effective voice for lower-income countries, led to a series of piecemeal steps whose basis and very implementation was skewed against those who were not at the table.

Result? Even as G20 mandated the OECD to introduce transparency measures long advocated by @TaxJusticeNet - automatic exchange of information, and country-by-country reporting - the lower-income countries were excluded, leaving them facing even greater inequality in taxing rights