“While today's Action Plan on Base Erosion and Profit Shifting from the Organisation for Economic Co-operation and Development (OECD) - presented to the G-20 finance ministers at their meeting in Moscow - represents a significant development in global collaboration to modernize the international tax system, the scale of the report and its ambitions for change could signal a potential seismic shift in the international tax landscape, according to KPMG LLP, the U.S. audit, tax and advisory firm.”
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