On 31 March 2015, the OECD released a discussion draft for Action 12 (Mandatory Disclosure Rules) of the Base Erosion and Profiting Shifting (BEPS) Project.
This discussion draft provides an overview of mandatory disclosure regimes, based on the experiences of countries that have such regimes, and sets out recommendations for a modular design of a mandatory disclosure regime including recommendations on rules designed to capture international tax schemes.
The discussion draft sets out a s…