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The BEPS package was unveiled on October 5 2015 and endorsed by the G20 finance ministers at their meeting a few days later in Lima and by the G20 leaders at their November summit in Antalya. A little more than two years earlier, the OECD and G20 countries embarked on a significant re-write of the international tax rules to ensure that profits are taxed where economic activities are carried out and value is created. The BEPS package comprises reports on each of the 15 actions identified in the BEPS Action Plan, which was released in July 2013 and on the basis of which the BEPS Project was launched in September of that year. In this overview article David Bradbury, Achim Pross, Marlies de Ruiter, and Raffaele Russo take stock of what has been achieved over the last two years and look to the new challenges ahead. The following articles contain a detailed overview of each of the 15 actions.

The US senate committee on finance held a hearing to discuss the implementation of BEPS recommendations within the US.

What is abundantly clear to anyone who has a passing interest in the manner in which tax disputes are dealt with in the UK is that the legislation in Finance Act 2014, concerning accelerated and partner payment notices (the APN legislation), marks a significant shift in the rules of engagement between HMRC and its 'customers'.

India and South Korea have signed a new MoU [memorandum of understanding] tax treaty on December 9 to strengthen the ease of doing business in each country.

HM Revenue and Customs (HMRC) has published draft legislation setting out tougher sanctions against companies that fail to prevent the facilitation of tax evasion, but has left out some of the more contentious elements which had previously been mooted.

Companies and firms can now enter for the European Tax Awards 2016. Entry information is available in the links below.

Pfizer’s $160 billion acquisition of Allergan shows that highly-mobile American companies are still looking to “self-help” action such as inversion as the US tax code fails them on competitiveness.

The state of São Paulo has recently introduced some important changes on the state VAT (ICMS) legislation.

Johann Muller was the deputy head of tax for a major multinational and, following that, the chief consultant at the Danish competent authority. From both perspectives he sees the benefits and need for a common consolidated corporate tax base (CCCTB) in Europe.

Companies and firms can now enter for the European Tax Awards 2016.