OECD updates on work on tackling harmful tax practices

Jurisdictions continue making progress in countering harmful tax practices, as contemplated in the BEPS Action 5 Minimum Standard, with the Inclusive Framework on BEPS now having approved the outcomes of the 2020 reviews by the OECD Forum on Harmful Tax Practices (FHTP).

This year's review by the FHTP has resulted in significant legislative changes to 44 of the 49 reviewed regimes, with 37 having been redesigned or abolished and a further 7 being currently in the process of being amended.

For the remaining 5 regimes, the FHTP has concluded that they do not currently pose BEPS risks. As a result, regimes in the following 18 jurisdictions are now in line with the BEPS Action 5 Minimum Standard.
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See Reviews