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Pre-2012, the most commonly uttered four-letter word on the
International Tax Review writing floor was almost
certainly something explicit.
Late submissions of copy, pernickety PR requests at the
eleventh hour and inflexible printers all conspired to ensure
such a word held the number one spot for years, nay decades.
However, that accolade now falls – unequivocally
– to the acronym 'BEPS'. There isn't even a close
This cleansing of the air in ITR Towers is thanks to a
watershed moment which came in the form of the G20
commissioning the Paris-based OECD to kickstart a two-year
project that would change the face of international taxation
and, by extension, the cleanliness of the ITR
editorial staff's vocabulary, forever.
The rise in prominence of international taxation issues is
unprecedented, and concepts that were previously confined to
the business pages of broadsheet newspapers are now regular
front-page fodder for publications of all shapes and sizes.
This expansion of stakeholders has brought challenges, but has
also brought momentum for change on a level that has not been
achieved since the 1920s and the work of the League of
The breadth and depth of work that has gone on in the past
two years is clear to see, but it does not stop here. As we
enter 2016 – and the implementation phase of BEPS
– we hope this BEPS Special provides you with the
information and insight you need to prepare for a new era of
international tax and a new era for business as a whole.